Tag: Economy

Sustained economic strength will herald further BoC rate hikes

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

BoC: economy adjusting well to higher rates, stress tests

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

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East Coast Mortgage Brokers is Newfoundland and Labrador’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.