Posts from the ‘Monday Morning Interest Rate Updates’ Category
Monday Morning Interest Rate Update for September 4, 2018
Today’s post looks at the impact that ongoing NAFTA uncertainty has had on Canadian mortgage rates, and explores its potential impact going forward.
Monday Morning Interest Rate Update for August 27, 2018
Anyone keeping an eye on Canadian mortgage rates will want to consider these five key questions in the months ahead.
Monday Morning Interest Rate Update for August 13, 2018
Last week’s banner headline jobs number should have sent the five-year Government of Canada bond yield soaring, but it actually closed slightly lower on Friday. This week’s post explains why.
Monday Morning Interest Rate Update for August 7, 2018
Today’s post summarizes five news items from last week that should be of interest to anyone keeping an eye on Canadian mortgage rates.
Monday Morning Interest Rate Update for July 30, 2018
In today’s post I explain how the U.S. economy’s current growth surge may be raising the odds of a Bank of Canada rate hike a little farther down the road.
Monday Morning Interest Rate Update for July 16, 2018
The Bank of Canada raised its overnight rate again last Wednesday despite significant uncertainty about our economy’s near-term prospects. Today’s post offers my take.
Monday Morning Interest Rate Update for July 9, 2018
It is widely expected that the Bank of Canada (BoC) will raise its overnight rate by another 0.25% when it meets this week, and if it does, lenders will pass that increase on to variable-rate mortgage borrowers in short order. The Bank signaled its plans when it made its most recent policy announcement on May […]
Monday Morning Interest Rate Update for July 3, 2018
In its most recent policy statement released on May 30, the Bank of Canada (BoC) gave every indication that it would raise its overnight rate, which our variable mortgage rates are priced on, at its next meeting on July 11. But right afterwards, U.S. President Trump started a trade war with Canada (among other countries), […]
Monday Morning Interest Rate Update for June 25, 2018
When the BoC released its latest policy statement it might as well have hung out a neon sign that said, “We’re hiking rates at our next meeting in July”. Then Murphy’s law kicked in and just about every ensuing economic development from that point forward served to undermine the Bank’s intent.
Monday Morning Interest Rate Update for June 18, 2018
The idea of a trade war with the U.S. seemed ridiculous until very recently. Then again, so too did the idea that Canadian steel (or Canadian anything) poses any sort of threat to U.S. national security. And yet here we are. As our leaders contemplate retaliatory tariffs against President Trump, the U.S. Bully-in-Chief, we must […]
Monday Morning Interest Rate Update for June 11, 2018
The question that follows from last Friday’s weak Canadian employment report is: How will it impact the Bank of Canada’s plans to raise rates again in the near future?
Monday Morning Interest Rate Update for June 4, 2018
Today’s post provides highlights from the Bank of Canada’s latest statement and offers my take on how it impacts the appeal of our variable-rate mortgages.
Monday Morning Interest Rate Update for May 28, 2018
Canadian borrowers are well advised to look carefully at the terms and conditions in their mortgage contract because two mortgages with the same headline rate can come with very different associated costs. To help in that regard, today’s post highlights five important questions to ask when evaluating variable-rate mortgage products.
Monday Morning Interest Rate Update for May 22, 2018
In today’s’ post I simulate three different scenarios for Canadian variable rates over the next five years and provide a rationale for how each might unfold.