Posts tagged ‘Bank of Canada’
Why Spiking Inflation Won’t Impact Canadian Mortgage Rates
Monday Morning Interest Rate Update for November 23, 2020
Canadian inflation came in much higher than expected last month but I don’t think that will impact our mortgage rates, and in today’s post I explain why.
Have Canadian Mortgage Rates Bottomed?
Monday Morning Interest Rate Update for November 16, 2020
The recent run-up in the GoC bond yields that Canadian fixed mortgage rates are priced on raises an important question: Have mortgage rates bottomed?
Fixed- or Variable-Rate Mortgage? Right Now It’s No Contest
Monday Morning Interest Rate Update for November 2, 2020
In today’s post I explain why the Bank of Canada’s most recent comments should end the fixed vs. variable debate until face masks are a distant memory.
Canadian Inflation Ticks Higher But Remains Subdued
Monday Morning Interest Rate Update for October 26, 2020
In today’s post I explain why the Bank of Canada’s first moves to combat higher inflation will impact fixed mortgage rates well ahead of variable mortgage rates.
The Bank of Canada Stops Purchasing Canada Mortgage Bonds
Monday Morning Interest Rate Update for October 19, 2020
Last week the BoC announced that it would end its Canada Mortgage Bond (CMB) purchase program. Today’s post explains why that may matter more than most think.
When Will Canadian Mortgage Rates Rise?
Monday Morning Interest Rate Update for September 21, 2020
The Bank of Canada says that rates are going to stay low for a “long time”. But how long is a “long time”? Today’s post offers my take.
Bank of Canada Re-Confirms Ultra-Low Mortgage Rates Are Here to Stay
Monday Morning Interest Rate Update for September 14, 2020
Last week the Bank of Canada confirmed that ultra-low rates are going to be around for the foreseeable future. Today’s post explains.
Why Our Record Employment Gains Aren’t Impacting Mortgage Rates
Monday Morning Interest Rate Update for July 13, 2020
Today’s post explains why our recent record employment growth hasn’t impacted our mortgage rates and likely won’t for some time yet.
How Will Choppy Waters Ahead Impact Canadian Mortgage Rates?
Monday Morning Interest Rate Update for June 29, 2020
Last week new BoC Governor Tiff Macklem made his first public comments and he sounded notably less optimistic than his predecessor. Today’s post explains.
The Length of Our Recovery Could Have a Surprising Impact on Your Mortgage
Monday Morning Interest Rate Update for June 1, 2020
In his final speech, BoC Governor Poloz argued that fears about coming economic hardship are overblown. Here is my take on his comments, viewed in part through a mortgage lens.
Canadian Mortgage Rates Are Finally Starting to Fall
Monday Morning Interest Rate Update for April 27, 2020
Most borrowers are surprised to learn that mortgage rates are higher now than they were before the oil price crash and COVID-19. That may finally be changing.
Is the Bank of Canada’s Firehose Working?
Monday Morning Interest Rate Update for April 20, 2020
Here are five highlights from the Bank of Canada’s latest policy statement and Monetary Policy Report with my take on the implications for our fixed and variable mortgage rates.
The Bank of Canada Cuts Again and Policy Makers Get Creative
Monday Morning Interest Rate Update for March 30, 2020
Last week the BoC cut its policy rate by another 0.50% and our policy makers took other unprecedented steps to limit the economic damage being done by COVID-19.
Fixed or Variable? To Be Determined …
Monday Morning Interest Rate Update for March 16, 2020
The Bank of Canada and the U.S. Federal Reserve continued to slash their policy rates last week. My next fixed vs. variable simulation will be postponed until these five key questions are answered.
The Bank of Canada Finally Cuts and Mortgage Rates Plummet
Monday Morning Interest Rate Update for March 9, 2020
Financial markets are driven by two competing forces: fear and greed. Last week, greed left town and fear took centre stage. Today’s post explains.
