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...
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...
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 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...
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...
Our Chief Economists Take On Interest RatesBy Scott WestlakeOctober 17, 20220 comments#interestrates #rates #mortgagerates #boc #inflation Inflation appears to be book-ending my career. I started my work as an economist in the Research Division of the Federal Reserve Board in Washington, D.C., in the late 1970s. Inflation ...Read more...
Inflation Cooled Again in August, But Higher Rates Still ComingBy Scott WestlakeSeptember 20, 20220 comments#interestrates #mortgagerates #BoC #inflation Canada's headline inflation rate cooled again in August, even a bit more than expected. The consumer price index rose 7.0% from a year ago, down from 7.6% in July and a forty-year ...Read more...
The Bank of Canada Hiked Rates Again And Isn't Finished YetBy Scott WestlakeSeptember 8, 20220 comments#BoC #bankofcanada #interestrates #mortgagerates #variablerates The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 75 basis points today to 3.25% and signalled that the policy rate would rise further. The ...Read more...
Bank of Canada Hikes Rates by 50 BPs, Signalling More To ComeBy Scott WestlakeApril 13, 20220 comments#mortgagerates #mortgagerate #boc #variablerate The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points for the first time in 22 years. This was a widely telegraphed action that will ...Read more...
Understanding Your Mortgage Rate.By Scott WestlakeApril 5, 20220 comments#interestrate #mortgagerates When it comes to mortgages, one of the most important influencers is interest rate but do you know how this rate is determined? It might surprise you to find out that there are 10 major factors that affect the interest you will pay on your home loan! Knowing these factors will not ...Read more...
Strong December Jobs Report in Canada. Another Strong Jobs Report In DecemberBy Scott WestlakeJanuary 10, 20220 comments#economicupdate #drsherrycooper #mortgagerates #August2021 #SW #TWT #DLC #scottwestlake To connect with Scott Westlake scott@thewestlaketeam.com Article: Statistics Canada released the December Labour Force Survey this morning, reporting employment gains of 54,700 last month–double market expectations. The unemployment rate fell to 5.9% from the 6.0% rate ...Read more...
Another Blockbuster Jobs Report in NovemberBy Scott WestlakeDecember 4, 20210 comments#economicupdate #drsherrycooper #mortgagerates #August2021 #SW #TWT #DLC #scottwestlake Statistics Canada released the November Labour Force Survey this morning, reporting employment gains of 153,700 last month--four times bigger than expectations. The unemployment ...Read more...
Housing Dampened Economy in Q2By Scott WestlakeAugust 31, 20210 comments#economicupdate #drsherrycooper #mortgagerates #August2021 #SW #TWT #DLC #scottwestlake For more information on how this article impacts your current or future mortgage needs, contact scott@thewestlaketeam.com This morning's Stats Canada release showed ...Read more...