Ongoing excess demand in the economy, including a recent rebound in existing home sales, contributed to the Bank of Canada's decision to hike interest rates earlier this month.
National Bank economists argued in a recent webcast that all signs point to a soft landing by mid-year, with interest rates remaining in their current position.
The Bank of Canada is widely expected to deliver its seventh consecutive interest rate hike at its rate decision announcement this week. .
Variable-rate mortgage holders will see their interest costs rise once again starting on Thursday as prime rate rises to 5.45%.
Inflation in Canada grew at a pace not seen since 1983, further increasing the likelihood of an “oversized” rate hike...
With inflation well above the Bank of Canada’s target level and ongoing supply chain issues, expectations of earlier-than-expected interest rate...
For those with a vested interest in mortgage rates—particularly variable-rate mortgage holders—tomorrow’s Bank of Canada rate decision has become one...
High borrowing rates are a relic. Canadian regulators may soon force borrowers to qualify at interest rates two percentage points...