Canada’s Jobs Report – And What It Means for Rate Hike Expectations Statistics Canada released April’s labour market data this morning, and it changes the rate conversation in a meaningful way. Canada shed 17,700 jobs in April. The national...
The Bank of Canada Held – But Watch What the Bond Market Did The Bank of Canada held its policy rate at 2.25% on Wednesday, keeping the prime rate at 4.45%. That decision was widely expected – a Reuters poll of 41 economists published earlier this week...
The Bank of Canada Announces Wednesday – Here Is What to Expect March inflation came in at 2.4%, up from 1.8% in February. Nearly all of that increase was driven by gas prices, which jumped over 21% in a single month as the Iran conflict pushed oil prices...
A lot happened in the mortgage world this week. Here are three stories worth paying attention to – and what they actually mean for your situation. The Renewal Payment Shock Is Real – But It Depends on Your Mortgage Type New data released this week puts a...
Bond yields pulled back this week after climbing sharply through March. Ontario’s HST rebate on new construction is now live as of April 1. And Toronto’s housing affordability, after two years of steady improvement, is starting to stall. Here’s what...
Three things happened this week that matter for your mortgage. Fixed rates moved up across the board as bond yields climbed to their highest point in roughly a year. Ontario announced a major HST rebate on new construction that starts in five days. And Canada’s...
