Posts from the ‘Monday Morning Interest Rate Updates’ Category
Bank of Canada Governor Poloz May Want Higher Rates, But He Needs Stable Inflation
Monday Morning Interest Rate Update for February 25, 2019
There are factors beyond BoC Governor Poloz’s control that are preventing him from raising the policy rate to a neutral-rate level. Today’s post explains.
Why the Bond Market Yawned at Canada’s Banner January Employment Headline
Monday Morning Interest Rate Update for February 11, 2019
In today’s post I explain why the bond market essentially yawned at last week’s banner Canadian employment headline (for January)
How Canadian Mortgage Rates Are Likely to be Impacted By the U.S. Fed’s Dovish Shift
Monday Morning Interest Rate Update for February 4, 2019
The U.S. Federal Reserve just took a sharp monetary-policy turn and its move has implications for both our fixed and variable Canadian mortgage rates.
Update On the Bank of Canada’s Worry List
Monday Morning Interest Rate Update for January 28, 2019
Today’s post provides an update on the three key areas that the Bank of Canada is monitoring to determine when additional rate hike will be appropriate.
All Quiet on the Canadian Mortgage-Rate Front (for Now)
Monday Morning Interest Rate Update for January 21, 2019
Last week was a relatively quiet one on the interest-rate front. Government of Canada bond yields, which our fixed mortgage rates are priced on, edged a little higher, but five-year fixed rates continued to fall among laggard lenders who had not already lowered to match RBC’s recent cut. Last Friday we received our latest inflation […]
The Glaring Omission in the Bank of Canada’s Latest Forecast
Monday Morning Interest Rate Update for January 14, 2019
The Bank of Canada expects our economy to slow over the first half of 2019 before resuming its prior growth rate, but I noted a glaring omission in its forecast.
Canadian Mortgage Rate Forecast (2019): Look Out Below
Monday Morning Interest Rate Update for January 7, 2019
Today’s post offers my forecast for Canadian mortgage rates in 2019. (Spoiler alert: I expect that rates are headed lower, but be careful what you wish for.)
Will the U.S. Fed Sooth Nerves or Stay the Course?
Monday Morning Interest Rate Update for December 17, 2018
The U.S. Federal Reserve is widely expected to hike its policy rate by another 0.25% when it meets this Wednesday. The question that is being actively debated is whether it will also adopt more dovish language in its forward guidance (and the answer could impact Canadian mortgage rates).
Canadian Mortgage Rates Aren’t Headed Higher After All
Monday Morning Interest Rate Update for December 10, 2018
Just like that, all of the dire warnings about rapidly rising Canadian mortgage rates disappeared faster than cookies and carrots on Christmas Eve.
Will the Bank of Canada Pivot This Week? (Hint: It Should)
Monday Morning Interest Rate Update for December 3, 2018
Six weeks ago the BoC warned that higher rates were imminent. Much has changed since then. Will the Bank pivot when it meets this Wednesday? (Hint: It should)
Will Last Month’s Inflation Rise Lead to Higher Canadian Mortgage Rates?
Monday Morning Interest Rate Update for November 26, 2018
This week’s post offers my take on whether Canadian mortgage rates will be impacted by the recent rise in our inflationary pressures.
Fixed vs. Variable: Is the Five-Year Fixed-Rate Mortgage Now a No Brainer?
Monday Morning Interest Rate Update for November 19, 2018
This week the contrarian in me challenges the notion that choosing a fixed mortgage rate over its variable equivalent is a no brainer in the current environment.
Is the Bank of Canada Bullish on Pot?
Monday Morning Interest Rate Update for November 12, 2018
The Bank of Canada expects that it will have to raise its policy rate to keep inflation near its 2% target, but our recent economic data imply otherwise.
Canadian Wage Growth Decelerates Again
Monday Morning Interest Rate Update for November 5, 2018
The Bank of Canada wants to keep raising its policy rate but says that it will be data dependent. Our latest wage data may test the veracity of that claim in short order.
How Much Higher Will Canadian Mortgage Rates Go?
Monday Morning Interest Rate Update for October 29, 2018
Last week the Bank of Canada raised its policy rate by 0.25%, as expected. What really caught the market’s attention was the Bank’s decision to drop the word “gradual” from its accompanying policy statement.
