Economists see Bank of Canada holding on rates after surprise GDP contraction
9/1/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an end. ...
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Canada mortgage market crisis coming amid high rates?
6/13/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Could the prospect of persistently high rates spell trouble for the market’s stability? ...
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Bank of Canada says coronavirus to trigger biggest slump ever, drops forecasts
4/15/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, citing ...
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Bank of Canada: Key interest rate cut to lowest level
3/27/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement. ...
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Canadian consumer confidence takes unprecedented slump
3/19/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic. ...
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Bank of Canada slashes policy rate to 0.75 per cent in surprise cut
3/13/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the economic ...
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Bank of Canada Holds Rates, Shows Less Confidence in Outlook
1/22/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ...
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No recession in 2020 says Conference Board of Canada
12/18/2019 | Posted in Canada Living by Jessi Sandhu
There will be growth for the Canadian economy in the next two years as the country avoids recession. ...
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Christies International chief expects global downturn in 2021
11/25/2019 | Posted in Global Real Estate Markets by Jessi Sandhu
A global recession would bring challenges for the global real estate market but it is unlikely next year according to one major firm’s leader. ...
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Real estate will thrive in cities that adapt to new economic models
9/23/2019 | Posted in Commercial Real Estate by Jessi Sandhu
The cities where commercial real estate will thrive will be those that can adapt to the emerging demands of corporates and investors according to a new report. ...
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PwC forecasts Canada's top investment cities in 2020
9/20/2019 | Posted in Real Estate Investments by Jessi Sandhu
Surprise city makes the list. ...
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Bank of Canada reveals latest interest rate decision
9/4/2019 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. ...
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5 ways the U.S. Fed's rate cut affects Canadians
8/2/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Here’s a look at how lower rates south of the border could ripple through our country, according to five experts. ...
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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
Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold interest ...
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IMF urges Canada not to change policy despite calls to ease mortgage stress test
5/22/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary ...
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Poloz expects rates to rise 'a bit' but unsure on timing
5/21/2019 | Posted in Interest Rates by Jessi Sandhu
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 ...
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Latest stats make interest rate hikes highly unlikely in 2019
5/1/2019 | Posted in Interest Rates by Jessi Sandhu
The latest reading of Canada’s economy brings both good and bad news for the housing market. ...
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Bank of Canada's Poloz says stimulative rates needed for temporary soft patch
4/2/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Poloz's optimism Monday about the future could ease speculation the central bank could lower rates. ...
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First growth for construction sector in 8 months, best since 2013
4/1/2019 | Posted in Real Estate Market by Jessi Sandhu
The start of 2019 saw an uptick for Canada’s construction sector as both residential and non-residential posted gains; and a stronger showing for real estate brokerages. ...
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3/12/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate. ...
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Canadian Housing Market This Bad Normally Means Recession: BMO
3/10/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says. ...
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Toronto: Canada's tech hub is literally booming
3/7/2019 | Posted in Toronto News by Jessi Sandhu
Toronto has broken into North America’s top-five cities for tech talent as the city undergoes an economic boom. ...
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Bank of Canada maintains overnight rate target at 1.75%
3/6/2019 | Posted in Interest Rates by Jessi Sandhu
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 ...
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Bank of Canada to cut rates before the end of 2019
2/28/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 ...
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Interest rates low enough to stimulate economy: BoC
2/22/2019 | Posted in Interest Rates by Jessi Sandhu
Stephen Poloz says the upward path for interest rates is 'uncertain'. ...
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Toronto recognized among world's leading tech cities
2/20/2019 | Posted in Toronto News by Jessi Sandhu
Savills ranks Toronto among the world's leading tech cities, acknowledging the access to a deep talent pool and the city’s reputation as a global centre. ...
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Economists renew prediction for lower interest rates for Canada in 2019
1/5/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Ahead of the Bank of Canada’s first policy meeting of the year, scheduled for next week, Capital Economics is back at it again. ...
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High debt levels, rising interest rates among challenges for 2019
12/19/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Canada’s economy will slow down in 2019 with consumer spending impacted by weaker employment, cooling house prices, high levels of debt, and rising interest rates. ...
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CIBC economists question BoC's view of housing market
12/18/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The slowdown in Canada’s housing market is likely to weigh on the economy according to a new report from CIBC Economics. ...
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Rate rises may be reshaped by oil production cuts says CIBC
12/4/2018 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada will announce its December interest rates decision Wednesday and few are expecting a Grinch-like pre-Christmas shock. ...
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