April 17, 2023
The Bank of Canada held its policy rate steady last week, but it also pushed back against the bond market's bet on rate cuts before the end of the year.
Posts from the ‘davethemortgagebroker’ Tag
April 10, 2023
Here are three recent posts that I have written in the lead up to the Bank of Canada's meeting this week.
April 3, 2023
Today's post explains why in today’s upside-down world, good news for our economy is bad news for our mortgage rates.
March 27, 2023
Today's post explains why more Bank of Canada rate hikes are likely now off the table (and why near-term rate cuts likely are as well).
March 20, 2023
Bond yields have plummeted but mortgage rate drops have been slow to materialize. Today's post explains why.
March 13, 2023
Last week the BoC and the Fed both made hawkish statements and the latest CDN and US employment data beat expectations. So why are bond yields plummeting?
March 6, 2023
Today’s post explains why there is a zero percent chance that the Bank of Canada will raise its policy rate when it meets this Wednesday.
February 27, 2023
In today's post I explain why the Canadian bond market zigged when we would have intuitively expected it to zag based on our latest inflation data.