Economy
Economy
"Calm is Good" In Canada's Housing Market: BMO
"When it comes to Canadian housing, calm is good," writes head BMO Economics economist Douglas Porter.
May 16, 2024
Economy
RBC Now Forecasting First Bank Of Canada Interest Rate Cut In June
"As labour markets continue to weaken and inflation readings in Canada also come lower, all ducks seem to be in a row for the Bank of Canada to start cutting the overnight rate as soon as June, with 100 basis points of total cuts expected for this year."
Finance
Both Renters And Mortgage Holders Flagged In Bank Of Canada Financial Stability Report
“Every year the Bank publishes this Report to offer an assessment of the stability of Canada’s financial system and highlight risks that could threaten that stability,” said Bank of Canada Governor Tiff Macklem at a press conference in Ottawa yesterday.
Economy
"Supported By Fundamentals": TD Doubles Down On July Interest Rate Cut
After Statistics Canada (StatCan) released its most recent gross domestic product (GDP) figures on April 30, Canada’s big banking players – BMO Economics, CIBC, and TD Economics – weighed in, predicting that a deceleration of the economy in Q2 would result in a long-awaited cut in interest rates come summer.
‘A Deep-Rooted Focus’: Averton Enters Alberta And Ontario Purpose-Built Rental Markets
"We appreciate that the homes we build, and the communities we develop, are the backdrop to our customers’ everyday experiences," says Averton President and CEO Paul Lanni. "This is something we don’t take for granted, and the pursuit of excellence is what fuels us.”
Economy
Loss Of GDP Momentum Could Mean Lower Interest Rates Come June: Economists
Statistics Canada (StatCan) reported on Tuesday that GDP rose 0.2% in February.
Finance
Huge Number Of Would-Be Homebuyers Holding Out For Interest Rates To Drop
According to the BMO Real Financial Progress Index, a huge number of aspiring homeowners are waiting for interest rates to drop before entering the market.
Economy
Odds Rise For June Interest Rate Cut Despite Uptick In Inflation
“Financial markets had been thinking there was a 50/50 chance of a June cut before today's data, but that probability rose to around 65% following the benign March CPI data release.”
Finance
Canada's Inflation Rate Rises To 2.9% In March
This morning, Statistics Canada (StatCan) published its anticipated March inflation report.
Finance
June Interest Rate Cut ‘Within The Realm Of Possibility’: Macklem
There is still some “diversity of views” amongst members of Governing Council on the rate cut front, Bank of Canada Governor Tiff Macklem told reporters on Wednesday.
Economy
Bank Of Canada Holds Interest Rate At 5% For Sixth Straight Time
“I realize that what most Canadians want to know is when we will lower our policy interest rate. What do we need to see to be convinced it’s time to cut? The short answer is we are seeing what we need to see, but we need to see it for longer to be confident that progress toward price stability will be sustained."
Economy
Will January’s “Robust” GDP Reading Delay Interest Rate Cuts? Economists Are Split
“If this strength in activity is close to replicated into Q2, the BoC will see much less urgency to cut rates any time soon,” said BMO's Douglas Porter.
Economy
Interest Rate Cuts Likely “Over The Course Of This Year”: Bank of Canada
Although the rate cut conversation is still very much so in flux, the Bank of Canada has — finally — indicated that a cut is indeed imminent.
Economy
With Two Months Of Near-Target Inflation, Can The BoC Finally Cut Interest Rates?
With January's 2.9% inflation rate followed by February's promising 2.8%, it certainly seems like a promising downward trend has emerged, leaving Canadians eager for rate cuts.
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