Bank of canada rate expectations Archives - Mortgage Rates & Mortgage Broker News in Canada

Will rising unemployment hasten the Bank of Canada’s coming rate cuts?

July 5, 2024 No Comments

Canada’s labour market stumbled in June, with the unemployment rate rising to 6.4%, up from the previous month.

Bank of Canada decision: Rate hold expected, but debate over future hikes persists

September 5, 2023 No Comments

Weaker-than-expected GDP data last week likely sealed the deal for a rate hold tomorrow by the Bank of Canada. But not all economists are convinced that this marks the end of the current rate-hike cycle.

Employment surprises to the upside in March

Bank of Canada expected to remain cautious despite weaker July employment results

August 4, 2023 No Comments

While July’s employment report was weaker than expected, economists say the Bank of Canada will continue to watch for signs of slowing inflation and economic growth prior to its September rate decision.

Slowing economic growth could keep the Bank of Canada on hold

July 28, 2023 No Comments

The latest barometer of Canada’s economic growth is being described as “disappointing,” which some say could be enough to avoid any further Bank of Canada rate hikes.

Has the Bank of Canada gone too far with its rate hikes? CIBC’s Tal thinks so.

July 24, 2023 No Comments

CIBC’s Benjamin Tal says that the Bank of Canada has chosen to err on the side of too many hikes rather than too few for one simple reason: its bias towards fighting inflation.

Inflation falls below 3%, but core measures still proving “sticky”

July 18, 2023 No Comments

Canada’s headline inflation reading took another step towards the magic 2% figure by slowing to an annual rate of 2.8% in June.

Bank of Canada benchmark rate expected to reach a 22-year high of 5% this week

July 10, 2023 1 Comment

The Bank of Canada is widely expected to deliver a second consecutive quarter-point rate hike this Wednesday, which would bring its benchmark lending rate to a 22-year high of 5%.

Fixed mortgage rates continue to rise in Canada

Another week, another rise in fixed mortgage rates. How high could they go?

June 23, 2023 No Comments

Another week and another round of fixed rate hikes have swept Canada’s mortgage market.

There’s a chance of a BoC rate hike this week: economists

June 5, 2023 No Comments

The odds of the Bank of Canada hiking rates at this week’s monetary policy meeting vs. another hold are basically down to a coin toss, economists say.

Bank of Canada rate decision January 2023

Bank of Canada expected to “nudge” rates another 25 bps higher

January 23, 2023 No Comments

The Bank of Canada will deliver its first rate announcement of the year this week, where markets and economists overwhelmingly expect a 25-bps rate hike.

Bank of canada rate expectations