NEWS

Not quite a recession, but Canada sees third-quarter growth turn negative

Steve Huebl Bank of Canada November 30, 2023 There was growing talk of the “R-word” (recession) leading up to today’s GDP data release,...

BoC’s Macklem doesn’t want to repeat the inflation-fighting mistakes of the 1970s

Steve Huebl Bank of Canada November 22, 2023 As a teenager growing up in the 1970s, Tiff Macklem said he recognized the impact high...

Overview of housing initiatives in the government’s Fall Economic Statement

Steve Huebl Government and Regulation November 21, 2023 From a crackdown to short-term rentals to new investments to create more housing...

Three of the big banks have just lowered fixed mortgage rates. Will more follow?

Steve Huebl Interest Rates November 20, 2023 Lenders have been dropping fixed mortgage rates over the past few weeks…except for the Big 6...

“We could see rates stay higher for longer,” Bank of Canada says

Steve Huebl Bank of Canada November 9, 2023 Canadians must prepare for the possibility that interest rates remain “higher for longer,”...

The Bank of Canada’s latest rate hold wasn’t unanimous, meeting minutes show

Steve Huebl Bank of Canada November 8, 2023 While the Bank of Canada’s rate hold last month was a welcome reprieve for borrowers, minutes...

Market participants expect first rate cut as early as April 2024

Steve Huebl Bank of Canada November 6, 2023 A survey of influential economists and analysts shows many are expecting the Bank of Canada’s...

Experts predict lower mortgage rates as bond yields plunge

Steve Huebl Mortgage Industry News November 3, 2023 Mortgage shoppers and those with upcoming renewals may see some rate relief next week...

Fixed-payment variable rate mortgages a “dangerous product,” says OSFI

Steve Huebl Government and Regulation November 2, 2023 Canada’s banking regulator said Thursday it views fixed-payment variable-rate...

Recession talk gets louder as economic growth flatlines for second straight month

Steve Huebl Economics October 31, 2023 Canada’s economic growth has flatlined for the second straight month, and has now undershot...

Bank of Canada delivers rate hold, but maintains hawkish bias

Steve Huebl Bank of Canada October 25, 2023 The Bank of Canada delivered its second straight rate hold today, but signalled that it...

Bank of Canada expected to hold rates this week amid economic downturn

Steve Huebl Bank of Canada October 24, 2023 Leading up to this week, the odds of an additional Bank of Canada rate hike were basically a...