Posts tagged ‘Bank of Canada’
Forecast for Canadian Fixed and Variable Mortgage Rates in 2020
Monday Morning Interest Rate Update for January 13, 2020
In today’s post I offer my predictions of where our fixed and variable mortgage rates are headed in 2020.
Five Takeaways from the Bank of Canada’s Latest Policy Statement
Monday Morning Interest Rate Update for December 9, 2019
The Bank of Canada didn’t raise rates last week and it sounded surprisingly optimistic about our economy’s prospects. Today’s post offers my take.
The Latest Inflation Data Bolster the Bank of Canada’s Patience. But Should They?
Monday Morning Interest Rate Update for November 25, 2019
Last week we learned that overall inflation rose by 1.9% on a year-over-year basis in October.
The consensus believes that at-target inflation will prevent the Bank of Canada from cutting its policy rate in the near future, but I don’t think it should.
The Bank of Canada Can’t Ignore the Lofty Loonie for Much Longer
Monday Morning Interest Rate Update for November 18, 2019
The Bank of Canada’s reluctance to cut its policy rate has caused the Loonie to appreciate against other currencies, creating a headwind that has hurt our export sales. The cost of its continued inaction is growing.
The Bank of Canada Didn’t Cut Last Week, But It Likely Will Soon
Monday Morning Interest Rate Update for November 4, 2019
Today’s post offers my take on how the Bank of Canada’s latest Monetary Policy Report and accompanying policy statement will impact Canadian mortgage rates.
If the Bank of Canada Delays Interest-Rate Cuts, It Won’t Be for This Reason
Monday Morning Interest Rate Update for October 15, 2019
The idea that the Bank of Canada will delay rate cuts for fear that it will increase borrowing and accelerate house-price growth is flawed for two reasons. Today’s post explains.
The Bank of Canada’s Surprising Announcement
Monday Morning Interest Rate Update for September 9, 2019
Last week the Bank of Canada (BoC) left its policy rate unchanged, at 1.75%, as the consensus expected, but it also surprised market watchers by maintaining policy-rate language that gave no hint of rate cuts to come.
Being Mark…
Last Updated on March 30th, 2011
Mark Carney and the Bank of Canada will meet next Monday to make the most anticipated interest rate announcement in years. Today’s post explains how the overnight rate works, why it is important, and makes a prediction about what Mr. Carney will do.
