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.
Posts from the ‘Mortgage Rates’ Tag
March 2, 2020
The Bank of Canada (BoC) meets this week and the consensus believes the Bank will finally cut its policy rate. Today’s post outlines the factors that are driving that view, and offers my take on why I think the BoC will stand pat (tough call though that is).
February 24, 2020
Last week our federal government announced that it will change the way the Bank of Canada calculates the stress-test rate that lenders use to qualify all insured mortgage applications. In today’s post I will explain what changed and offer five key observations relating to it.
December 2, 2019
Last week's GDP data came in lower than the Bank of Canada expected but I don't think that will cause the Bank to cut its policy rate when it meets this week.
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.
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.
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.
August 19, 2019
Global bond yields continued to plummet last week and Denmark launched the first negative interest rate mortgage. In today's post I explain how this will likely impact the Bank of Canada's thinking.