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

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

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

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. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Living, Economic Growth, Economic Recession

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 ... More

Tags: Bank of Canada Benchmark Rate, Economic Growth, Economic Recession, Variable Rate Mortgages

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. ... More

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

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. ... More

Tags: Canada Living, Canadian Housing Market, Consumer Confidence, Consumer Spending, Economic Growth, Economic Recession, Household Debt, Rental Market

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. ... More

Tags: Canada Real Estate, Canadian Household Wealth, Economic Growth, Economic Recession, First Time Home Buyers, Home Buyers

What are the pros and cons of buying a house in a recession?

7/31/2022 | Posted in Home Buyers by Jessi Sandhu

Here are the pros and cons of buying a house in a recession - and everything in between. ... More

Tags: Economic Recession, Home Buyers, Home Buyers Tips