Today's post offers my take on how the U.S. Federal Reserve's latest rate hike is likely to impact Canadian mortgage rates over the near and medium terms.
It appears almost certain that the Bank of Canada will hike rates again on Oct 24. Should variable-rate mortgage borrowers now be locking in to a fixed rate?
This week I take a look back at a post I wrote in 2010 that explains how the U.S. lent its way to a housing crisis and how Canada avoided the same fate.
When the Bank of Canada (BoC) met last week, it left its overnight rate unchanged at 1.5% as was widely expected. The real question for anyone keeping an eye on Canadian mortgage rates was whether the Bank would hint at its plans for its next meeting on October 24.
Last week’s banner headline jobs number should have sent the five-year Government of Canada bond yield soaring, but it actually closed slightly lower on Friday. This week's post explains why.