January 31, 2022
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?
Posts from the ‘davethemortgagebroker’ Tag
January 24, 2022
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.
January 17, 2022
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.
December 20, 2021
Normally the news quiets down as we head into the holidays, but last week was packed with important updates for anyone keeping an eye on mortgage rates.
December 13, 2021
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.
December 6, 2021
Last week had five important updates that have implications for our mortgage rates, spanning from Omicron to the latest employment and GDP data.
November 29, 2021
Bond yields plunged on Friday after news of the Omicron coronavirus variant broke. Today's post explains.
November 22, 2021
Our Consumer Price Index (CPI) rose to its highest level in 19 years last month, but CPI the component that matters most of all still lags.