Posts from the ‘Bank of Canada’ Tag

Last week the Bank of Canada confirmed that it will start to raise its policy rate in the near future. The key questions for variable-rate mortgage borrowers are: How fast and by how much?

The bond market now assigns 80% odds of a BoC rate hike this week. I continue to take the other side of that bet, and the latest inflation data bolster my view.

There is widespread speculation that the BoC will start to raise its policy rate at its upcoming meeting on January 26. I don't share that view.

The Bank of Canada held rates steady last week and also pushed back against the bond market’s bet on a more rapid rate-hike timetable.

A self-reinforcing cycle of higher expected inflation leading to higher actual inflation is the primary risk that central bankers now face.

The Bank of Canada (BoC) will be in a tough spot when it meets this week. Normally it would try to hold steady in the middle of a federal election so that its words and actions aren’t seen to be favouring one party over another. But normal left town when the pandemic arrived and hasn’t been seen since. The BoC will have to acknowledge our latest GDP data, which confirmed that our economy is on shakier footing than it previously believed, and more broadly, that we face a tougher road ahead. I am an independent full-time mortgage broker and industry insider who helps Canadians from coast to coast. If you are purchasing, refinancing or renewing your mortgage, contact me or apply for a Mortgage Check-up to obtain the […]

Here is a recap of recent posts in case you missed them the first time around.