Taxes have never achieved anything good for an Economy or a Society and certainly have never achieved the objective that they were originally dreamt up for. They are punitive and negative and discourage raising the overall standard of living for all. A new report backed by Canada’s national housing agency is calling for a home […]
The Bank of Canada (BoC) made its eighth scheduled and presumably final interest rate decision for the calendar year. Economists and financial markets were on high alert for signs of changes to come next year and clues as to when. As expected again no change was made to the benchmark rate. It remains at 0.25%
Bank of Canada Holds Benchmark Rate the Same in Their Final Decision of 2021 Read More »
It has been a while since we have written an interest rate note because of the seemingly everlasting pandemic conditions which have created a “no news” cycle for interest rates. The talk of interest rates climbing has recently become more prevalent and a commentary on this is now worthy. The Bank of Canada (BOC) yesterday
October 2021 Bank of Canada Key Rate Announcement Read More »
The Bank of Canada (BoC) is keeping its key interest rate target the same and holding it at 0.25%. They believe that the Canadian economy still requires this low rate even though the economy is doing better than anticipated. The BoC expects economic growth in the first quarter of 2021 to be positive, versus its
Bank of Canada Rate Announcement Yesterday – A Tightrope Ahead Read More »
Yesterday the Bank of Canada (BoC) announced that they would “hold current level of policy rate until inflation objective is achieved”. Inflation is at the low end of their target range (1-3%) in recent months. Excess supply is expected to weigh on inflation over 2021, and as it is absorbed inflation is expected to return
At 10 am EST the Bank of Canada (BoC) made its 10th interest rate decision announcement of the year. Eight scheduled announcements is the norm, but this has been a year of anything but normal. BoC has held the their key overnight lending rate the same at 0.25%, which it calls their “lower bound”,
December 9, 2020 Bank of Canada rate announcement Read More »
Earlier today, the Bank of Canada (BoC) made its eighth interest rate decision of the year. In a normal year there are eight interest rate announcements in total but this is far from a normal year, and there will likely be ten announcements. The news is generally positive, considering we are in the midst of
In a news releases today Genworth Canada and Canada Guaranty have both confirmed that they will not follow suit with Canada’s main mortgage insurer, CMHC, in tightening lending guidelines for mortgages. Genworth MI Canada Inc. (TSX: MIC) said: “it has no plans to change its underwriting policy related to debt service ratio limits, minimum credit
Not good news. This will definitely contribute to retracting the housing market and lowering consumer affordability. Ottawa still believes that there is a housing bubble. We believe that this is being heavily influenced by the pandemic support handouts and the extra debt & risk that will result for the federal government because of it. They
Canada’s Mortgage Insurer Tightens Rules Effective July 1 Read More »
Today, Wednesday June 3rd, the Bank of Canada (BoC) made its sixth interest rate announcement this year, the first under its newly appointed Governor Tiff Macklem. The BoC has repeatedly stated that it has no intention of reducing the rate below its where it is at currently: 0.25%. The BoC did state that the impact
BoC Bank Rate Announcement – Wednesday June 3rd, Tiff’s first Read More »
