Loonie’s Rise May Temper Mortgage Rates

Inflation may be influencing rates higher, but the Canadian dollar is at 30-year highs versus the U.S. greenback. That could curtail Canadian exports and lower the odds of further near-term rate increases. At least, that’s what BMO economist Sal Guatieri thinks. He believes “a strong and rising dollar will have a similar effect on the economy as a rate hike,” and suggests the Bank of Canada will not raise interest rates this year.  Vancouver Sun Story

More Stories
OSFI stress test announcement
Homebuyers to Face More Stringent Mortgage Stress Test After June 1
Copy link