February 7, 2022
Our economy shed 200,000 jobs in January. Strangely, GoC bond yields surged higher on the same day that news was released, and today’s post explains why.
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January 31, 2022
Last week the Bank of Canada confirmed that it will start to raise its policy rate in the near future. The key questions for variable-rate mortgage borrowers are: How fast and by how much?
January 24, 2022
The bond market now assigns 80% odds of a BoC rate hike this week. I continue to take the other side of that bet, and the latest inflation data bolster my view.
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.
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).
December 20, 2021
Normally the news quiets down as we head into the holidays, but last week was packed with important updates for anyone keeping an eye on mortgage rates.
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.
December 6, 2021
Last week had five important updates that have implications for our mortgage rates, spanning from Omicron to the latest employment and GDP data.