Jessi Sandhu - Your Brampton Real Estate Agent
Bank of Canada News and Articles | My Blog

Bank of Canada Holds Rates, Shows Less Confidence in Outlook

1/22/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ... More


CEO of Canada's biggest bank calls for caution as Ottawa considers adjusting mortgage stress test

1/8/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

big-6-banks-canada-317.jpg - Real Estate News Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More


Bank of Canada keeps key interest rate target on hold

12/5/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada kept its key interest rate on hold as expected at 1.75 per cent where it has been for more than a year as it said Wednesday that ongoing trade conflicts and ... More


Bank of Canada announces interest rate decision

10/30/2019 | Posted in Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%. ... More


Bank of Canada reveals latest interest rate decision

9/4/2019 | Posted in Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. ... More


A Bank of Canada rate cut as early as September

8/20/2019 | Posted in Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ... More


5 ways the U.S. Fed's rate cut affects Canadians

8/2/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

us--canada-121.jpg - Real Estate News Here’s a look at how lower rates south of the border could ripple through our country, according to five experts. ... More


Central bank qualifying rate used in mortgage stress tests falls

7/21/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years. ... More


Bank of Canada keeps key interest rate steady

7/10/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ... More


Bank of Canada to cut rates in October, then twice more

7/3/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics. ... More


Inflation surges to highest in seven years, giving Bank of Canada room to hold rates

6/20/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

finance-market-growth-127.jpg - Real Estate News Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold interest ... More


Interest rate cut now unlikely say economists

5/27/2019 | Posted in Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts. ... More


Poloz expects rates to rise 'a bit' but unsure on timing

5/21/2019 | Posted in Interest Rates by Jessi Sandhu

stephen-poloz-bank-of-canada-45.jpg - Real Estate News Bank of Canada Governor Stephen Poloz said he sees the slowdown in Canada’s economy as temporary and that interest rates will likely go up – he just doesn’t know ... More


BoC touts long-term mortgages to open MBS market

5/9/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More


Household debt to have knock-on effect upon banks, economy

4/29/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News Canadians now owe an average of $1.79 for every dollar of disposable income. ... More


Bank of Canada 'going nowhere' with interest rates into 2020: Economist

4/3/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

market-reports-on-business-271.jpg - Real Estate News The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group. ... More


Bank of Canada to hold interest rates through 2020: TD Securities

3/15/2019 | Posted in Interest Rates by Jessi Sandhu

business-report-ideas-275.jpg - Real Estate News The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More


Canadian Housing Market This Bad Normally Means Recession: BMO

3/10/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

real-estate-market-growth-125.jpg - Real Estate News Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says. ... More


Bank of Canada maintains overnight rate target at 1.75%

3/6/2019 | Posted in Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada (BoC) is keeping its key interest rate target on hold at 1.75 per cent on Wednesday, citing concerns about the global economy and Canada’s own recent ... More


Bank of Canada to cut rates before the end of 2019

2/28/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News Capital Economics predicts that The Bank of Canada will cut its key lending rate in December as a weakening housing market and oil sector headwinds drag GDP growth back below ... More


Why Canadians are suffering a bankruptcy spike

2/25/2019 | Posted in Interest Rates by Jessi Sandhu

business-report-ideas-275.jpg - Real Estate News The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even negative ... More


Interest rates low enough to stimulate economy: BoC

2/22/2019 | Posted in Interest Rates by Jessi Sandhu

stephen-poloz-bank-of-canada-45.jpg - Real Estate News Stephen Poloz says the upward path for interest rates is 'uncertain'. ... More


Impact of tighter rules, interest rates greater than anticipated

2/1/2019 | Posted in Canadian Housing Market by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News The Bank of Canada has admitted that the economic impact of strict mortgage regulations, local housing restrictions, and the upward trend in interest rates was more serious than ... More


Poloz buys borrowers more time but punishes savers

1/16/2019 | Posted in Interest Rates by Jessi Sandhu

stephen-poloz-bank-of-canada-45.jpg - Real Estate News What the Bank of Canada's decision to hold its key rate means for borrowers and savers. ... More


Interest rates might remain flat until next year

1/14/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

finance-market-growth-127.jpg - Real Estate News The central bank will most likely refrain from further hikes “given increased market volatility and more restrictive financial conditions. ... More


Bank of Canada announces interest rate decision

1/9/2019 | Posted in Mortgage Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada left its trend-setting interest rate unchanged at 1.75% on Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming ... More


Economists renew prediction for lower interest rates for Canada in 2019

1/5/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News Ahead of the Bank of Canada’s first policy meeting of the year, scheduled for next week, Capital Economics is back at it again. ... More


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