Former Bank of Canada Official Sees Jumbo Rate Cut in October
10/7/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
An ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month. ...
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Bank of Canada set for June rate cut, diverging from Fed
5/2/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy ...
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Bank of Canada makes interest rate decision
3/9/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada elected to hold interest rates steady at 5 per cent. ...
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2024 rate-cut forecasts being revised following today's mixed-bag jobs report
2/9/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Today's employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the ...
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Bank of Canada's rate-cut timing uncertain as economic growth beats expectations
1/31/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near term, ...
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Interest rate cuts, return to growth on economic horizon, Deloitte says
1/4/2024 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, according to a new forecast by Deloitte Canada. ...
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Bank of Canada's Macklem says 'too early' to consider rate cuts
12/15/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada’s top official said policymakers will consider cutting interest rates when inflation is “clearly” on a path to the two per cent target, but ...
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No more rate hikes expected as unemployment rate rises to 21-month high
11/3/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Canada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists ...
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Bank of Canada delivers rate hold, but maintains hawkish bias
10/25/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures. ...
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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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