Beware the Bond Vigilantes
In the early part of my career, I worked in government debt management, initially focusing on forecasting federal deficits and debt, and then later financing it through treasury bill and domestic and foreign debt issuance. This was during a period where inflation was rampant, and government spending was largely unchecked. The current fiscal situation in…
Read moreMortgage Rate Outlook: Variable Rates Likely to Drop, Fixed Rates Remain Uncertain
Canadian employment rose by 14,500 in October, with the unemployment rate holding steady at 6.5 per cent. Meanwhile, the participation rate continued to decline, falling to 88.2 per cent from a record high of 89 per cent just over a year ago. The employment-to-population ratio also dropped to 60.7 per cent—the lowest level in nearly…
Read moreCanada’s Mortgage Rates Remain Low – For Now
Canada’s mortgage rates remain near historic lows, but developments south of the border indicate a shift may be under way.
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