BoC Holds Prime Rate; What’s in Store for the Future?
To no one’s surprise, the Bank of Canada opted against an interest rate hike yesterday as it released its July statement. While alot has been made about the strong suggestions in the statement that a rate hike was imminent, there are some interesting points that suggest a more patient approach might be taken. First of…
Read moreIndirect Evidence That Rate Hike is Imminent
Today, the Bank of Canada released the results of a survey it conducted regarding the short-term outlooks of Canadian businesses. Of particular importance to those interested in predicting the future of mortgage rates were the responses to two questions, one regarding job creation and one regarding inflation outlooks. Among Canadian firms surveyed, 57% expected to…
Read moreUnpredictable Economy Places Premium on Expert Advice
The relative uncertainty with respect to growth and inflation rates in the short to medium term has spilled over to housing decisions. Recently, lower than expected growth and inflation rates led Bank of Canada chairman Mark Carney to put off an interest rate hike for at least six weeks. In all likelihood, a rate hike…
Read moreInflation Rise Not Likely to Cause Interest Rate Hike
Despite inflation rise recorded in October, it is unlikely that Bank of Canada will hike interest rates.
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