interest rate forecasts

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.

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.

2024 housing and interest rate forecasts - Canada

2024 housing market and interest rate forecasts

December 27, 2023 No Comments

2023 was a year that tested the resilience of Canadian mortgage holders. And as we look forward, there’s optimism that 2024 will be the year of rate relief.

Big banks and lenders slash mortgage rates in time for the holidays

December 21, 2023 2 Comments

Several of Canada’s big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates.

The Bank of Canada’s fight against inflation isn’t over as progress stalls in November

December 19, 2023 No Comments

Despite expectations that inflation would dip below 3% in November, headline inflation instead stalled, remaining unchanged from October.

Bank of Canada benchmark rate expected to reach a 22-year high of 5% this week

July 10, 2023 1 Comment

The Bank of Canada is widely expected to deliver a second consecutive quarter-point rate hike this Wednesday, which would bring its benchmark lending rate to a 22-year high of 5%.

Fixed mortgage rates continue to rise in Canada

Another week, another rise in fixed mortgage rates. How high could they go?

June 23, 2023 No Comments

Another week and another round of fixed rate hikes have swept Canada’s mortgage market.

Bank Of Canada Deputy Governor Paul Beaudry

Risk of “sticky” inflation and high household spending led to rate-hike decision: BoC

June 8, 2023 No Comments

Economic data since April “tipped the balance” of evidence that additional monetary policy tightening was needed.

There’s a chance of a BoC rate hike this week: economists

June 5, 2023 No Comments

The odds of the Bank of Canada hiking rates at this week’s monetary policy meeting vs. another hold are basically down to a coin toss, economists say.

Interest rates expected to fall to 3.00% by end of 2024

April 28, 2023 2 Comments

The Bank of Canada’s benchmark interest rate is expected to fall back to around 3.00% by the end of 2024, according to a median of responses from market participants.