November 4, 2019
Today's post offers my take on how the Bank of Canada's latest Monetary Policy Report and accompanying policy statement will impact Canadian mortgage rates.
Posts from the ‘Bank of Canada’ Tag
October 15, 2019
The idea that the Bank of Canada will delay rate cuts for fear that it will increase borrowing and accelerate house-price growth is flawed for two reasons. Today's post explains.
September 9, 2019
Last week the Bank of Canada (BoC) left its policy rate unchanged, at 1.75%, as the consensus expected, but it also surprised market watchers by maintaining policy-rate language that gave no hint of rate cuts to come.
May 26, 2010
Mark Carney and the Bank of Canada will meet next Monday to make the most anticipated interest rate announcement in years. Today's post explains how the overnight rate works, why it is important, and makes a prediction about what Mr. Carney will do.