Following today's decision by the Bank of Canada to leave interest rates on hold, Governor Tiff Macklem said plainly that it's still too early to being
While monetary policy plays a crucial role in the housing market, lowering interest rates isn't a silver bullet for resolving Canada's housing affordability crisis, Bank of Canada Governor Tiff Macklem said today.
After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down.
Bank of Canada Governor Tiff Macklem said the Bank will only start entertaining interest rate cuts once it has "assurance" that inflation is trending back towards its 2% target.
Several of Canada's big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates.
While Bank of Canada Governor Tiff Macklem says weakness in 2024 will lead us back to a balanced economy, he added it remains too early to start talking about rate cuts.
As a teenager growing up in the 1970s, Tiff Macklem said he recognized the impact high inflation was having on everyone: "Inflation made everyone angry."
The large number of mortgages coming up for renewal at higher rates is one reason why the Bank of Canada decided to leave its target rate unchanged at 5.00% last month.
Bank of Canada Governor Tiff Macklem said on Monday bringing down inflation is “proving more difficult than we thought.” He...
While the Bank of Canada is "encouraged" by the way higher rates are working to slow inflation, Governor Tiff Macklem said it's possible interest rates aren't yet high enough.