Despite the prospect of higher interest rates ahead, nearly three-quarters of mortgage holders say they could handle a 20%+ rise in monthly payments.
Prospects for the Bank of Canada's desired "Goldilocks" outcome of a soft landing for Canada's economy is growing dimmer, according to a new report from RBC.
With bond yields nearly 60 basis points off their highs reached earlier this month, fixed mortgage rates are slowly following and trending downward.
As expected, the Bank of Canada delivered its first rate pause in a year following eight consecutive rate hikes.
The Bank of Canada delivered a status quo rate decision today, keeping its target rate and bond purchases unchanged. This...
The Bank of Canada opted to leave interest rates unchanged today but maintained its hawkish bias, confirming it won't hesitate to hike rates further if inflation doesn't continue to trend downward.
All eyes will be on the Bank of Canada's rate decision on Wednesday, which could see the largest rate hike in over 20 years.
Markets and economists alike overwhelmingly expect the Bank of Canada to lift its policy rate by 75 basis points when it meets this Wednesday.
While markets have moved up their Bank of Canada rate hike expectations to early 2022, some economists say the uncertainty of the new Omicron Covid-19 variant could put that into question.