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...
BANK OF CANADA HOLDS AT 2.25%, BUT FIXED RATE PRICING IS DRIFTING The Bank of Canada held its overnight rate at 2.25% on July 15, the sixth consecutive hold since the cutting cycle ended last October. Prime rate stays at 4.45%. The decision was widely expected. Annual...
Rate Hike Threat Eases, Affordability Worsens Across Canada, and the Income-Price Gap That Rates Can’t Fix — Mortgage Minute June 19, 2026 A US-Iran peace deal has reduced the threat of Bank of Canada rate hikes. Affordability got worse in all 13 major Canadian...
Meta description (also WordPress excerpt): Canada’s labour market added 87,800 jobs in May — far above forecasts — while bond yields remain elevated and the 30-year amortization has become the most widely used affordability tool in the market. Here’s what...
Statistics Canada reported this morning that Canada’s economy contracted 0.1% on an annualized basis in the first quarter of 2026. That follows a 1% contraction in the fourth quarter – a downward revision from the figure previously reported. Two...
The Bank of Canada’s Rate Hold Was a Closer Call Than It Looked The Bank of Canada held its benchmark rate at 2.25% in April – leaving prime at 4.45% – its fourth consecutive decision to stay put. Information released this week shows the decision was...
