Posts tagged ‘Bank of Canada’
Is the Bank of Canada About to Start Raising?
Monday Morning Interest Rate Update for January 17, 2022
There is widespread speculation that the BoC will start to raise its policy rate at its upcoming meeting on January 26. I don’t share that view.
Canadian Mortgage Rate Forecast for 2022
Monday Morning Interest Rate Update for January 10, 2022
In today’s post I explain why five-year variable rates will likely save money versus their fixed-rate equivalents in 2022 (and beyond).
Five BoC Rate Hikes Next Year? Don’t Think So
Monday Morning Interest Rate Update for December 13, 2021
The Bank of Canada held rates steady last week and also pushed back against the bond market’s bet on a more rapid rate-hike timetable.
Will the Bank of Canada’s Hawkish Turn Quell Inflation Fears?
Monday Morning Interest Rate Update for November 1, 2021
A self-reinforcing cycle of higher expected inflation leading to higher actual inflation is the primary risk that central bankers now face.
The Bank of Canada’s Tough Spot
Monday Morning Interest Rate Update for September 7, 2021
The Bank of Canada (BoC) will be in a tough spot when it meets this week. Normally it would try to hold steady in the middle of a federal election so that its words and actions aren’t seen to be favouring one party over another. But normal left town when the pandemic arrived and hasn’t […]
Mortgage-Rate Primer – Five Key Recent Posts
Monday Morning Interest Rate Update for July 26, 2021
Here is a recap of recent posts in case you missed them the first time around.
My Take on the Bank of Canada’s Latest Forecasts
Monday Morning Interest Rate Update for July 19, 2021
The BoC’s comments last week about the future path of inflation were noteworthy for anyone keeping an eye on mortgage rates. Today’s post offers my take.
Five Observations About the Bank of Canada’s Latest Policy Statement
Monday Morning Interest Rate Update for June 14, 2021
The Bank of Canada didn’t make any major changes to its outlook last week, but its latest policy statement did contain a few noteworthy items.
Disappointing Employment Data Portend Less Inflation (and Lower Mortgage Rates)
Monday Morning Interest Rate Update for May 10, 2021
Last week’s Canadian and US employment data cast doubt on the market consensus narrative that inflation is about to take off.
Why the Bank of Canada Won’t Hike Before the US Fed
Monday Morning Interest Rate Update for May 3, 2021
The US Federal Reserve still isn’t planning to raise its policy rate for a long time and today’s post explains why that limits the Bank of Canada’s options.
The Bank of Canada Blinks
Monday Morning Interest Rate Update for April 26, 2021
The Bank of Canada (BoC) and the bond market were in a stand off over where inflation and interest rates are headed. Until last week, when the BoC blinked.
What Can Be Done About Rising House Prices?
Monday Morning Interest Rate Update for April 5, 2021
As house prices continue to soar, many observers are becoming increasingly worried and are imploring policy makers to step in to cool prices. Here are my thoughts.
The Fight Between the Bond Market and the Bank of Canada
Monday Morning Interest Rate Update for March 15, 2021
The bond market expected the Bank of Canada to adopt more hawkish language last week, but the Bank had other plans.
Lockdowns Trigger a Job Loss Spike (and Bond Yields Rise Anyway)
Monday Morning Interest Rate Update for February 8, 2021
Last month saw a spike in job losses, but Government of Canada bond yields rose anyway. Today’s post explains why.
The Path for Mortgage Rates Will Depend on Who Wins the Race Between the Virus and the Vaccines
Monday Morning Interest Rate Update for February 1, 2021
Canadian mortgage rates are at rock-bottom levels The only debate is over how long they will stay there, and the race between the virus and the vaccines will tell the tale.
