inflation

Strong U.S. inflation could delay rate cuts on both sides of the border

April 10, 2024 No Comments

While the Bank of Canada left its benchmark rate unchanged as expected today, markets instead turned their attention to today’s hot U.S. inflation report.

Economists predict June rate cut as inflation continues to ease

March 19, 2024 No Comments

Today’s lower-than-expected inflation reading for February has bolstered confidence that the Bank of Canada could initiate its first rate cut in June.

Tiff Macklem, governor of the Bank of Canada, speaks during an event at the Toronto Region Board of Trade in Toronto

“Still too early” to start cutting rates, says BoC’s Macklem

March 6, 2024 No Comments

Following today’s decision by the Bank of Canada to leave interest rates on hold, Governor Tiff Macklem said plainly that it’s still too early to being

We could reach 2% inflation by this summer: National Bank

February 23, 2024 No Comments

Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts?
National Bank of Canada thinks so.

Unexpected inflation drop won’t hasten Bank of Canada’s rate cut plans, economists say

February 20, 2024 No Comments

The Bank of Canada is still likely to wait until mid-year before delivering its first rate cut, despite January’s downside surprise in inflation, economists say.

Bank of Canada can't solve housing affordability challenge

The Bank of Canada can’t solve the country’s housing affordability problem: Macklem

February 6, 2024 1 Comment

While monetary policy plays a crucial role in the housing market, lowering interest rates isn’t a silver bullet for resolving Canada’s housing affordability crisis, Bank of Canada Governor Tiff Macklem said today.

Latest in mortgage news: nesto gains access to broker channel in exclusive deal with M3 Group

January 26, 2024 No Comments

Digital mortgage lender nesto this week announced an agreement with M3 Group that will allow it to start distributing mortgages through the broker channel.

Bank of Canada sends dovish signals, keeping mid-year rate cut forecasts in play

January 24, 2024 No Comments

As was widely anticipated by markets, the Bank of Canada today held its overnight target rate at 5.00%, where it’s been since July.

Sticky inflation to push Bank of Canada rate cuts to at least June: economists

January 22, 2024 No Comments

A majority of economists believe stubborn inflation is likely to delay the first Bank of Canada rate cut until at least June.

Inflation crept back up in December: “We’re not out of the woods yet”

January 16, 2024 No Comments

For the third time since 2022, Canada’s headline inflation rate reversed course and trended back upward in December. Headline inflation rose 3.4% last month, Statistics