Economy
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.”
Apr 16, 2024
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."
This $3.7M Arthur Erickson-Designed Townhome Is A Work Of Art
A home needs to be more than just aesthetically pleasing to be an artistic dwelling; it needs to inspire its inhabitants through unique, thought-provoking design, that pushes boundaries and transcends the norm. (You’ll know one when you see it.)
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.
Opinion
When Will Rates Drop? It Depends On Who You Ask
What many Canadians may be unaware of is that fixed interest rates have already dropped 75 basis points from their peak last fall.
Economy
For The Fifth Time, Bank Of Canada Holds Interest Rate At 5%
Although inflation ticked down in January, the BoC has long maintained that a sustained trend of low inflation needs to be seen before rate cuts can be considered.
Economy
Bank Of Canada Will Be ‘Watching Housing Carefully’ As It Deliberates Cuts To Come
Experts say that the Bank of Canada will be careful not to do or say anything that might trigger the spring housing market.
Economy
Canada Still On Track For Spring Interest Rate Cut: Economists
“We expect five 25-basis-point cuts to the Canadian and US overnight rates this year, with further easing likely to follow in 2025.”
Economy
Canada In Store For 1.25% Interest Rate Cut In 2024: CIBC
In its latest provincial forecast, CIBC Capital Markets predicts that the country could be in store for a 125-basis-point rate cut this year.
Economy
Interest Rates Won't Fix Housing Affordability: Macklem
The BoC head instead pointed to other aggravating factors, like the lack of housing supply, exacerbated by "zoning restrictions, delays and uncertainties in the approval processes, and shortages of skilled workers."
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