National inflation has held steady over the last two months
01/23/2020
Gains in the energy sector were offset by noticeable weaknesses in other industries
Gains in the energy sector were offset by noticeable weaknesses in other industries
Canada’s historic household debt levels will almost certainly affect banks and the GDP, according to a long-time markets observer.
Household income growth is grinding to a halt in Canada, and that’s bad news for future economic growth as a whole and the housing market in particular, suggests a recent report from Desjardins Economics.
The Bank of Canada for some time has been suggesting higher and higher interest rates are coming soon — until this week.
The unexpectedly weak Canadian housing market is one factor making it likely Bank of Canada Governor Stephen Poloz will take a less aggressive approach to interest rates this year, notes an economist with one of the country’s biggest banks.
The Bank of Canada has stepped to the sidelines since it last hiked the overnight rate, which influences rates on the mortgage market, this past October.
“For now, as we expect the Bank’s forecasts to be… more upbeat than our own, we would not be surprised if the Bank of Canada continues to argue that it needs to raise interest rates,” reads a Capital Economics Bank of Canada Watch
Canada’s steady trend of economic strength might justify even further hikes in the BoC’s interest rates, according to observers. The latest set of economic numbers “simply reinforces the likelihood of an October Bank of Canada rate hike, and keeps a firm foundation on further moves in 2019,” Bank of Montreal
Canada’s economy is adjusting well to higher borrowing rates and tighter mortgage lending restriction. That was one of the key messages from the Bank of Canada’s senior deputy governor Carolyn Wilkins in a speech to the Saskatchewan Trade & Export Partnership on Thursday. She spoke about the BoC’s decision this
East Coast Mortgage Brokers is Atlantic Canada’s premier mortgage company. Founded in 2010, we work with Canada’s top lenders to ensure our clients get the best deal for their mortgage.
