by Simon Browning | Oct 9, 2026 | Bank of Canada, Mortgage Minute
CANADA LOSES OVER 68,000 JOBS AS THE BANK OF CANADA DECISION NEARS Statistics Canada reported that employment fell by 68,300 in September, and the unemployment rate rose to 6.5 per cent from 6.4 per cent. The public sector accounted for the bulk of the losses, with...
by Simon Browning | Oct 3, 2026 | Bank of Canada, Mortgage Minute
BANKS CONTINUE TO RAISE FIXED RATES AS THE BANK OF CANADA DECISION NEARS Banks have been raising fixed mortgage rates since March, and the increases are continuing. Lenders including CIBC and TD have raised select three and five-year fixed rates as the Government of...
by Simon Browning | Sep 25, 2026 | Bank of Canada, Mortgage Minute
BANK OF CANADA WARNS AGAINST WAITING TOO LONG ON RATE HIKES Bank of Canada Governor Tiff Macklem said this week that the Bank does not want to be late raising interest rates if inflation proves stubborn. Speaking in Halifax on September 21, he said that moving too...
by Simon Browning | Sep 18, 2026 | Bank of Canada, Mortgage Minute
US FED HIKE PUSHES CANADIAN FIXED RATES HIGHER The US Federal Reserve raised its key rate by 25 basis points this week, its first hike since 2023. The move matters here because Canadian fixed mortgage rates follow the bond market, not the Bank of Canada’s own...
by Simon Browning | Sep 4, 2026 | Bank of Canada, Mortgage Minute
BANK OF CANADA HOLDS AT 2.25% FOR A SEVENTH STRAIGHT MEETING The Bank of Canada held its overnight rate at 2.25% on Wednesday, September 2, the seventh consecutive hold stretching back to December 2025. The decision keeps prime rate at 4.45%. July’s inflation...
by Simon Browning | Aug 7, 2026 | Bank of Canada, Mortgage Minute
CANADA ADDS 75,000 JOBS, MAKING A RATE CUT LESS LIKELY Statistics Canada reported the economy added 75,000 jobs in July, far outpacing forecasts of roughly 15,000. The unemployment rate ticked down to 6.4 percent. A jobs report this strong gives the Bank of Canada...
