Posts from the ‘Monday Morning Mortgage Rate Updates’ Category

April 17, 2017

What the Bank of Canada Thinks of the Recent Surge in Our Economic Momentum

The recent surge in Canadian GDP growth has fueled speculation that the Bank of Canada may begin to raise interest rates sooner than expected. Today’s post takes a detailed look at the Bank’s most recent assessment of our economy's health and offers my take on the implications for both our fixed and variable mortgage rates.
April 10, 2017

Why Haven’t Low Unemployment Rates Led to Rising Inflation?

Last week we received the latest Canadian and U.S. employment reports and the data continue to confound market watchers. The unemployment rates in both countries are at levels that should be pushing average incomes higher as the demand for labour outstrips its supply, but that isn’t happening. Instead, low unemployment levels in both countries have corresponded with wage increases that are hovering close to the overall level of price inflation. Today's post offers some insight into the cause of this conundrum.
March 20, 2017

How Will Canadian Mortgage Rates Be Affected by the U.S. Federal Reserve’s Latest Rate Hike?

Last week the U.S. Federal Reserve raised its policy rate by 0.25%, as expected. In today’s post, we’ll take a look at the highlights from the Fed’s latest statement (in italics) with my comments added, and then discuss the implications for both Canadian fixed and variable mortgage rates.