April 8, 2019
Last week Bank of Canada (BoC) Governor Poloz threw cold water on growing speculation that the BoC’s next rate move will be a cut, but I was unconvinced.
Posts from the ‘Monday Morning Mortgage Rate Updates’ Category
April 1, 2019
Today's post explains how recent U.S. developments are helping to put downward pressure on Canadian bond yields, and by association, our mortgage rates.
March 25, 2019
Our federal government just released its 2019 budget, and it included several initiatives that were designed to improve housing affordability for Canadians. Today's post offers my take.
March 18, 2019
The Bank of Canada has become much more dovish of late, and given that, now seems like a good time to revisit the age-old fixed versus variable rate question.
March 11, 2019
Today’s post highlights from both of the Bank of Canada's communications last week and offers my take on the two key questions that matter most to fixed- and variable-rate mortgage borrowers: When will the Bank move its policy rate next? Will its next move be up or down?
March 4, 2019
If the Bank of Canada is “decidedly data dependant” as it claims, then it should end speculation about near-term rate hikes when it meets this Wednesday.
February 25, 2019
There are factors beyond BoC Governor Poloz’s control that are preventing him from raising the policy rate to a neutral-rate level. Today's post explains.
February 11, 2019
In today's post I explain why the bond market essentially yawned at last week's banner Canadian employment headline (for January)