Further Decline in Inflation in February Will Keep the Bank of Canada On Hold in AprilBy Scott WestlakeMarch 21, 20230 comments#bankofcanada #interestrate #boc #variablemortgage #mortgagerates All eyes will be on the Federal Reserve tomorrow when ...Read more...
US Policymakers Take Emergency Action To Protect Depositors At Failed BanksBy Scott WestlakeMarch 15, 20230 comments#economicupdate #realestateprices #boC #USAmarket #SVB #interestrates Silicon Valley Bank (SVP) had a sterling reputation among the many tech start-ups it helped to finance. What brought SVB down was an old-fashioned bank run set off in 2021 by a series ...Read more...
Canadian Labour Market Jeopardizes Rate PauseBy Scott WestlakeMarch 13, 20230 comments#economicupdate #realestateprices #boC #jobs Today's Labour Force Survey (LFS) for February was much stronger than expected, questioning how long the Bank of Canada's rate pause can last. Following the 150,000 ...Read more...
The Bank of Canada Holds Rates Steady Even As the Fed Promises to Push HigherBy Scott WestlakeMarch 8, 20230 comments#boc #bankofcanada #interestrates #mortgagerates #variablerates As expected, the central bank held the overnight rate ...Read more...
Bad News Is Good News for the Bank of CanadaBy Scott WestlakeMarch 2, 20230 comments#BoC #bankofcanada #interestrates #mortgagerates #variablerates Statistics Canada released the real gross domestic product ...Read more...
Further Decline in Inflation in January Affirms Bank of Canada Pause in MarchBy Scott WestlakeFebruary 21, 20230 comments#boc #bankofcanada #econony #mortgagerates Canadian inflation decelerated meaningfully in January ...Read more...
Red Hot Labour Market Despite Rate HikesBy Scott WestlakeFebruary 10, 20230 comments#economicupdate #realestateprices #boC #jobs Today's Labour Force Survey (LFS) for January was much stronger than expected, once again calling into question how long the Bank of Canada's rate pause will last. This report ...Read more...
No Surprises Here: The Bank of Canada Hiked Rates By Only 25 bps, Signalling A PauseBy Scott WestlakeJanuary 25, 20230 comments#boc #variablerates #bankofcanada #mortgagerates #monitarypolicy As expected, the Bank of Canada--satisfied with the sharp ...Read more...
Good News on the Inflation Front in DecemberBy Scott WestlakeJanuary 18, 20230 comments#monetarytightening #boc #mortgagerates #inflation #CPI #sherrycooper The Consumer Price ...Read more...
The Bank of Canada Won't Like This Inflation ReportBy Scott WestlakeDecember 23, 20220 comments#boc #inflation #interestrates November's CPI inflation rate fell only one tick to 6.8%, ...Read more...
The Bank of Canada Hiked Rates The Full 50 bpsBy Scott WestlakeDecember 7, 20220 comments#bankofcanada #interestrate #boc #variablemortgage #mortgagerates The Governing Council of the Bank of Canada raised its ...Read more...
Little Comfort for the Bank of Canada in Today's Jobs ReportBy Scott WestlakeDecember 5, 20220 comments#BoC #interestrate #variablerate #bankofcanada #mortgagerate #jobs Today's Labour Force Survey for November will do little ...Read more...
Bank of Canada Will Not Be Happy With This Inflation ReportBy Scott WestlakeNovember 16, 20220 comments#inflation #boc #interestrates Not only did the headline CPI inflation rate stall at ...Read more...
The Bank of Canada Slowed the Pace of Monetary TighteningBy Scott WestlakeOctober 26, 20220 comments#BoC #interestrate #variablerate #bankofcanada #mortgagerate The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 50 basis points today to 3.75% and signalled that the policy rate would rise further. The ...Read more...
Bank of Canada Will Not Be Happy With This Inflation ReportBy Scott WestlakeOctober 20, 20220 comments#inflation #BoC #mortgagerates Canada's headline inflation rate ticked down slightly last month to 6.9%, but measures of core inflation remain stubbornly high, and food prices hit a 41-year high. Lower gasoline ...Read more...
Orderly Housing Correction ContinuesBy Scott WestlakeOctober 17, 20220 comments#rates #boc #mortgagerate #inflation Orderly Housing Correction Continues ...Read more...