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.
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Welcome to Canada's Premier Mortgage Blog
August 26, 2019
The Bank of Canada is in the enviable position of having at-target inflation to keep an eye on, but it should still cut its policy rate at its next meeting.
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.
August 12, 2019
The Bank of Canada has reasons to cut its policy rate at its next meeting that go well beyond what the U.S. Federal Reserve is doing.
August 6, 2019
The U.S. Federal Reserve dropped its policy rate by 0.25% last week but financial markets reacted as if the Fed had raised instead. Today's post explains why.
July 29, 2019
Today a staggering amount of bonds trade at negative yields. This prompts the question: Will mortgages ever be offered at negative interest rates?
July 22, 2019
In today’s post I offer a quick review of how the MQR works and highlight some fundamental and persistent design flaws in this critically important benchmark.
July 15, 2019
Last week the Bank of Canada offered a somewhat surprising assessment of our recent run of stronger than expected data. In today's post I explain why.