Canadian Housing Market Feels The Pinch of Higher RatesBy Scott WestlakeMay 17, 20220 comments#rateupdate #BoC #bankofCanada #housingsupply #supplyvsdemand Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates has broadened. In April, ...Read more...
No Wonder The Bank of Canada Didn't Hike Interest Rates Last MonthBy Scott WestlakeFebruary 7, 20220 comments#economicupdate #sherrycooper #SW #TWT #DLC #rateupdate #boc Statistics Canada released the January Labour Force Survey this morning, reporting a much more extensive than expected decline in jobs last month. The Omicron shutdowns and restrictions ...Read more...
Bank Will Hike Rates At Next MeetingBy Scott WestlakeJanuary 26, 20220 comments#economicupdate #sherrycooper #SW #TWT #DLC #rateupdate #boc While markets were 70% certain the Bank would hike their overnight target rate today, we remained of the view that the Governing Council would hold off until March or April because ...Read more...
Bank of Canada publishes 2022 announcements scheduleBy Scott WestlakeSeptember 14, 20210 comments#boc #rateupdate #twt #dlc #SW Interest Rate Announcements / Monetary Policy Reports ...Read more...
Bank of Canada Still Expects No Rate Increases Until 2023By Scott WestlakeJanuary 22, 20210 comments#boc #rateupdate #twt #dlc The Bank of Canada, this morning, released its January Monetary Policy Report (MPR), showing they expect to keep overnight interest rates at its “effective lower bound” of 0.25% until 2023 (see chart below). To reinforce this commitment and keep interest rates low across ...Read more...
Bank of Canada Reduces Prospects of Rate HikeBy Scott WestlakeMarch 6, 20190 comments#BoC #mortgagerateupdate #twt #thewestlaketeam #scottwestlake #dlc #mortgagenews BANK OF CANADA REDUCES PROSPECTS OF A RATE HIKE In a very dovish statement, the Bank of Canada acknowledged this morning that the slowdown in the Canadian economy has been deeper and more broadly based than it had expected earlier this year. The Bank had forecast weak exports and ...Read more...