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. ...
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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 ...
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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" ...
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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 ...
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Forecasters split on how high Bank of Canada will push next rate hike
12/4/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada is expected to increase interest rates once more this week, capping off a tumultuous year for the central bank. ...
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Canadian inflation holds steady, boosting chances of 25-bp rate hike
11/16/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
While Governor Tiff Macklem had left the door open to another oversized increase, the inflation data was seen supporting a downshift to a standard 25-bp increase, with the option ...
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Bank of Canada expected to raise interest rates on Wednesday as recession fears grow
10/25/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
ven as warnings about a potential recession grow louder, the Bank of Canada is expected to announce another hefty interest rate hike on Wednesday. ...
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Here's how a recession could affect your work, housing and expenses
10/14/2022 | Posted in Canada Living by Jessi Sandhu
Many economists say a mild recession is on the cards as they look ahead to 2023. ...
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BoC's Macklem: More interest rate hikes are "warranted"
10/7/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu
Having already raised interest rates by 300 basis points this year, the Bank of Canada’s Tiff Macklem confirmed on Thursday that additional rate hikes (plural form) are ...
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Nearly 1 in 5 Canadians putting off buying a home due to inflation, high interest rates: survey
10/4/2022 | Posted in Home Buyers by Jessi Sandhu
With high inflation and rising interest rates, a new survey has found nearly one in five Canadians say they're putting off buying a home. ...
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OECD predicts how high the Bank of Canada will go on rates
10/3/2022 | Posted in Interest Rates by Jessi Sandhu
While many economists have predicted the Bank of Canada’s interest rate will peak at 4%, the Organisation for Economic Co-operation and Development (OECD) has gone five ...
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Experts: BoC rate hikes to go full steam ahead despite economic malaise
8/9/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
A massive rate jump at the central bank’s meeting next month is a near certainty, economists say ...
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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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