The U.S. Federal Reserve is widely expected to hike its policy rate by another 0.25% when it meets this Wednesday. The question that is being actively debated is whether it will also adopt more dovish language in its forward guidance (and the answer could impact Canadian mortgage rates).

Just like that, all of the dire warnings about rapidly rising Canadian mortgage rates disappeared faster than cookies and carrots on Christmas Eve.

Six weeks ago the BoC warned that higher rates were imminent. Much has changed since then. Will the Bank pivot when it meets this Wednesday? (Hint: It should)

This week's post offers my take on whether Canadian mortgage rates will be impacted by the recent rise in our inflationary pressures.

This week the contrarian in me challenges the notion that choosing a fixed mortgage rate over its variable equivalent is a no brainer in the current environment.

The Bank of Canada expects that it will have to raise its policy rate to keep inflation near its 2% target, but our recent economic data imply otherwise.

The Bank of Canada wants to keep raising its policy rate but says that it will be data dependent. Our latest wage data may test the veracity of that claim in short order.

Last week the Bank of Canada raised its policy rate by 0.25%, as expected. What really caught the market’s attention was the Bank’s decision to drop the word “gradual” from its accompanying policy statement.