Good News On the Inflation Front Suggests Policy Rates Have Peaked Today’s inflation report for September was considerably better than expected, ending the three-month rise in inflation. Not only did the headline inflation rate fall, but so did the core measures of inflation on a year-over-year basis and a three-month moving average basis. This, in […]

Thank you to our partners at First National for the below stats and positive info.  Enjoy!     Residential Mortgage Commentary – Positive housing market sentiment Oct 2, 2023 First National Financial LP An interesting new survey suggests a growing number of Canadians may be getting ready to move back into the housing market. The […]

Bank of Canada leaves its benchmark interest rate at 5.0% Under the heading no news is good news, the Bank of Canada decided today to keep its benchmark (overnight) interest rate steady at 5.00%, putting at least a temporary hold on a policy that resulted in 10 increases stretching back to March 2022. At the […]

The Bank of Canada hiked the overnight rate for the tenth time today to a 22-year high of 5%. They also postponed their forecast of when inflation will hit the 2% target by six months to mid-2025. This means interest rates will stay higher for longer. Interest Rates Will Stay Higher For Longer The Bank […]

*** Thank you to our partners at First National for the below analysis.  Bank of Canada increases Prime by .25% today.***   Economic growth leads the Bank of Canada to increase its benchmark interest rate Jun 7, 2023 First National Financial LP Today, the Bank of Canada increased its overnight interest rate to 4.75% (+0.25% […]

Thank you to our partners at First National for the below update.   Canada’s federal banking regulator has released its second, Annual Risk Outlook.  The Office of the Superintendent of Financial Institutions (OSFI) is looking at whether to extend its mortgage guidelines, with an eye to reducing risk. OSFI has identified, what it considers, nine […]

Thank you Dr Copper for the summary 🙂     As promised, there would be nothing much in this year’s budget for fear of stimulating inflation. The federal government faces a challenging fiscal environment and a weakening economy. Ottawa promised it would err on the side of restraint. Instead, Finance Minister Chrystia Freeland announced a […]

Thank you Dr Cooper for the breakdown 🙂   US Policymakers Take Emergency Action To Protect Depositors At Failed Banks Silicon Valley Bank (SVP) had a sterling reputation among the many tech start-ups it helped to finance. What brought SVB down was an old-fashioned bank run set off in 2021 by a series of bad […]

No Surprises Here: The Bank of Canada Hiked Rates By Only 25 bps, Signalling a Pause As expected, the Bank of Canada–satisfied with the sharp decline in recent inflation pressure–raised the policy rate by only 25 bps to 4.5%. Forecasting that inflation will return to roughly 3.0% later this year and to the target of […]

Thank you to our preferred lender, First National, for this insight into 2023 interest rate projections Jan 9, 2023 First National Financial LP A lot of the recent talk in financial and real estate circles has been centering on the possibility of a pause in the Bank of Canada’s aggressive interest rate increases.  Some speculate […]