bank of canada forecast Archives - Mortgage Rates & Mortgage Broker News in Canada

Bank of Canada cuts rates another 50 bps, bringing more relief to some borrowers

December 11, 2024 No Comments

The Bank of Canada has cut its policy rate by another 50 basis points today, bringing it down to 3.25%. This marks the fifth consecutive rate cut this year.

Latest in Mortgage News: Financial experts see less risk of an imminent recession

April 24, 2024 No Comments

A recent survey of financial experts reveals a shift in recession expectations, showing a decrease in the likelihood of an imminent economic downturn. However, there is growing uncertainty regarding the timing and degree of anticipated Bank of Canada interest rate cuts.

Market participants still expect the first Bank of Canada rate cut in April

February 5, 2024 No Comments

Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by April.

Bank of Canada sends dovish signals, keeping mid-year rate cut forecasts in play

January 24, 2024 No Comments

As was widely anticipated by markets, the Bank of Canada today held its overnight target rate at 5.00%, where it’s been since July.

Brace for recession (if we’re not already in one), economists say

January 23, 2024 1 Comment

Canada’s economy is headed for an imminent recession in 2024—that is, if we aren’t already in one, economists say.

Bank of Canada preview: Rate hold expected as attention shifts to rate cuts

December 5, 2023 No Comments

The Bank of Canada’s final rate decision of the year is expected to be uneventful, with markets and forecasters overwhelmingly predicting a third straight rate hold.

Bank of Canada delivers rate hold, but maintains hawkish bias

October 25, 2023 No Comments

The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures.

Canada’s economy now “struggling” under the weight of high interest rates

September 29, 2023 No Comments

Canada’s economic activity in July was unchanged from the previous month, marking the second straight month of weak GDP results.

Canadian recession imminent and could last through the first half of 2024: Desjardins

August 31, 2023 No Comments

Despite Canada’s economy outperforming expectations over the last few quarters, signs are starting to suggest a slowdown is on the horizon, according to a report from Desjardins.

Bank of Canada preview: Another rate hold widely expected

April 10, 2023 No Comments

Despite stronger-than-expected job gains in March, the Bank of Canada is unanimously expected to keep rates on hold at this week’s rate decision meeting.

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