Canada’s job market beats January expectations

Canadian Mortgage Professionals ~ Ferbuary 12th, 2024 Canada’s job market showed unexpected strength at the beginning of the year, with a surge in new jobs and a dip in unemployment, suggesting potential room for the Bank of Canada (BoC) to consider interest rate cuts if inflation pressures continue to wane. […]

What mortgage holders need to know about the Bank of Canada rate hold

BNN Bloomberg ~ January 24th, 2024 Homeowners are feeling the impact of elevated interest rates, real estate experts say, though the Bank of Canada’s latest rate hold will not raise mortgage payments for those with variable or fixed products. The Bank of Canada elected to hold its key policy rate […]

Canadian economic outlook for 2024: Shifting into neutral

BDC.CA Despite persistently high inflation and rising interest rates, the news was generally better than expected for the Canadian economy in 2023. At this time last year, many economists wondered whether it was possible to stop the Canadian economy from overheating without causing a recession. Yet we now estimate 1.1% […]

Bank of Canada will cut rates over mortgage renewals

BNN Bloomberg ~ November 2nd, 2023 Risks related to looming mortgage renewals mean the Bank of Canada is done hiking interest rates, according to a prominent strategist who predicts rate cuts to come halfway through next year. “The bank is done raising rates,” Royce Mendes, head of macro strategy at […]

Slowdown in inflation supports interest rate pause next week, economists say

OTTAWA – Canada’s inflation rate edged down to 3.8 per cent last month as price pressures eased across the economy, setting the stage for the Bank of Canada to hold its key interest rate steady next week, economists say. Statistics Canada released its latest consumer price index report on Tuesday, […]