12/11/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Canada’s central bank has cut interest rates for the fifth consecutive time to 3.25 per cent as the country’s economy grows at a slower rate than projected.
... More 11/26/2024 | Posted in Mortgages and Real Estate by Paul Solomons
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The Bank of Canada (BoC) is preparing for its final rate announcement of 2024 on December 11, with economists anticipating a potential further reduction in its lending rate ... More
11/25/2024 | Posted in Canadian Housing Market by Paul Solomons
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Rate cuts offered stability, but economic risks and high mortgage rates keep recovery uncertain.
... More 11/22/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Various signs point to the Bank of Canada (BoC) cutting interest rates by another half percentage point in December, even if the bank hasn’t said so explicitly, CIBC ... More
11/4/2024 | Posted in Mortgages and Real Estate by Paul Solomons
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Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being ... More
10/21/2024 | Posted in Interest Rates by Paul Solomons
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Five of Canada's biggest banks are now expecting a larger-than-usual interest rate cut from the Bank of Canada after inflation numbers came in lower than anticipated.
... More 10/11/2024 | Posted in Interest Rates by Paul Solomons
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Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month.
... More 10/7/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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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.
... More 9/12/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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One of the country’s biggest lenders says the Bank of Canada will accelerate the pace of monetary easing in order to stave off recession.
... More 9/4/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada has cut its policy rate by a further 25 basis points in its September decision, marking a third consecutive move to bring rates lower.
... More 9/3/2024 | Posted in Interest Rates by Paul Solomons
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The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United ... More
8/20/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say.
... More 8/7/2024 | Posted in Canadian Economy and Housing Market by Paul Solomons
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The Bank of Canada sees less risk of housing market overheating due to affordability issues.
... More 8/3/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Markets are betting the Bank of Canada will cut at each of its remaining interest rate decisions this year as the labor market in the U.S. looks to be loosening faster than ... More
7/26/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Borrowers may have welcomed recent rate cuts from the Bank of Canada, but TD Bank and CIBC predict an additional 175 bps cut by the end of 2025, lowering the overnight rate to ... More
7/24/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle.
... More 7/16/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Experts speculate the Bank of Canada may cut rates next week following a larger-than-expected slowdown in the country’s inflation rate in June.
... More 6/23/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Economists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four ... More
6/19/2024 | Posted in Mortgages and Real Estate by Paul Solomons
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The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of ... More
6/19/2024 | Posted in Mortgages and Real Estate by Paul Solomons
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The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially ... More
6/5/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic.
... More 5/21/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month.
... More 5/2/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy
... More 4/30/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer.
... More 4/18/2024 | Posted in Home Buyers by Paul Solomons
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As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up.
... More 4/10/2024 | Posted in Canadian Economy and Housing Market by Paul Solomons
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News not all bad as central bank signals possibility of rate relief in June
... More 4/10/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.
... More 4/8/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada is widely expected to keep its key overnight rate on hold Wednesday, as it gathers more evidence of cooling inflation before delivering its first interest ... More
4/3/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Economists question their forecasts as inflation expectations challenge anticipated rate cuts
... More 3/19/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Economists widely expect central bank to start cutting rates in June
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