Bank of Canada keeping options open but could be done on hikes: CIBC's Tal

3/9/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The central bank has left its policy rate untouched for the first time in over a year ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada GDP, Canada Living, Canada Real Estate, Canadian Economy

The end is nigh for Canada's housing market downturn, RBC reports

3/8/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Royal Bank of Canada (RBC) has published its report and outlook on the country’s housing market and sees the market downturn headed towards its conclusion. ... More

Tags: Bank of Canada Benchmark Rate, Canada Real Estate, Canadian Economy, Canadian Home Sales, Canadian Housing Market, Canadian Housing Market Downturn, Canadian Housing Market Recovery, Housing Correction Canada

'Record-high number' of Canadians don't think they'll ever afford a home: survey

3/7/2023 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

As home prices and interest rates remain elevated, a record number of non-homeowners think they’ll never afford a house, according to a new survey. ... More

Tags: Canada Living, Canada Real Estate, Canadian Economy, Housing Affordability, Housing Correction

Bank of Canada might need to raise rates if companies keep raising prices, Macklem warns

2/22/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Despite a decline in general inflation, grocery prices have increased at double the rate of everything else. That could mean more rate hikes ahead. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Economy, Economic Growth, Economic Recession, Interest Rates

Macklem defends Bank of Canada rate pause as growth grinds to halt

2/8/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Governor Tiff Macklem said the Bank of Canada needs to keep interest rates steady to avoid slowing the economy too much, defending his decision to pause hikes in remarks that were ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Debt, Canadian Economy, Economic Growth, Economic Recession, Household Debt

Canadian inflation set to ease amid rapid cooling of housing market

1/30/2023 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

But the Bank of Canada has a tricky balancing act that cannot decimate real estate. ... More

Tags: Bank of Canada, Canada Living, Canada Real Estate, Canadian Economy, Cost of Living

Has the BoC reached an endpoint on rate hikes? CIBC's Tal gives his verdict

1/16/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

"They are in a very difficult situation in which they have to tell you they are done without telling you they are done" ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Economy, Economic Growth, Economic Recession, Mortgage Rates Canada, Mortgage Rates Forecast

BoC expected to deliver eighth consecutive rate hike, but it's probably the last one

1/20/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Economists don't believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the economy ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Economy, Interest Rates, Mortgage Rates Canada, Mortgage Rates Forecast

Much higher interest rates will be needed if inflation sticks, says Macklem

12/12/2022 | Posted in Mortgages and Real Estate by Jessi Sandhu

The Bank of Canada’s interest rate hikes this year have “begun to work” to cool Canada’s overheated economy and slow inflation, the central bank’s ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Economy, Economic Growth, Economic Recession