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.
In today's post I explain how the U.S. economy's current growth surge may be raising the odds of a Bank of Canada rate hike a little farther down the road.