Interest Rates

The latest in interest rate movements, developing trends and future rate expectations. We regularly monitor bond yields and the impact on fixed mortgage rates, and well as Bank of Canada guidance and market forecasts on where variable rates are headed.

Bond market bets on 50-bps Bank of Canada rate cut next week after rise in unemployment

December 6, 2024 No Comments

Observers say that if there’s one economic indicator likely to be concerning Bank of Canada officials, it’s the higher-than-expected rise in Canada’s unemployment rate last month.”

Why three big banks raised fixed mortgage rates despite falling bond yields

December 2, 2024 2 Comments

Despite low bond yields, banks and other lenders are continuing to raise rates. We talked to several rate experts to understand why.

Bank of Canada policy rate forecast 1.75 percent

Why one analyst thinks the Bank of Canada will be forced to cut its policy rate to 1.75%

November 25, 2024 No Comments

The Bank of Canada may be forced to continue lowering its policy rate more than markets are currently anticipating, with this easing cycle stretching into the second half of 2025.

Higher bond yields to push up fixed mortgage rates

Experts predict Canadian mortgage rates will rise next week following latest surge in bond yields

November 21, 2024 No Comments

In just two months, Canadian bond yields have surged by over 61 basis points (0.61 percentage points), with a jump of roughly 17 bps in the past week.

Fixed mortgage rates may not follow Bank of Canada cuts, former TD economist warns

November 11, 2024 3 Comments

While plenty of consumers believe the Bank of Canada’s steady interest rate cuts will drop mortgage rates meaningfully across the board, economist Don Drummond isn’t so sure that prediction applies to fixed rate mortgages.

What the Bank of Canada’s 50-bps rate cut means for borrowers

October 23, 2024 No Comments

Variable-rate borrowers can breathe a little easier with today’s latest rate reduction.

Rate cut showdown: 25 or 50 bps? Economists split on Bank of Canada’s next move

October 11, 2024 No Comments

Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month.

Weeks of cuts give way to mortgage rate hikes as U.S. job numbers soar

October 7, 2024 No Comments

While everyone has been enjoying some amazing fall weather, the temperature isn’t the only thing heating up.

Mortgage rate war intensifies as rates dip below 4%

September 20, 2024 1 Comment

A fierce rate-cutting battle is underway, with experts now calling it a full-blown mortgage rate war.

Is breaking your mortgage for a lower rate worth the prepayment penalty?

September 18, 2024 No Comments

As interest rates continue to drop, borrowers might wonder if they should renegotiate their fixed-rate mortgage. But at what cost?

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