Interest rate

Economic Indicators

BoC warns of risks for clients with mortgages

Housing market keeps central bank governor up at night

By Staff, with files from The Canadian Press |December 14, 2017

4 min read

Economic Indicators

Big banks forecast next BoC rate hike

The Bank of Canada makes a rate decision on Wednesday, but no one’s calling for an increase—certainly none of the big banks. The banks do, however, have plenty to say when it comes to forecasting when the next hike will occur. Read: Unemployment rate drops to 5.9% as economy grows In an earlier report, CIBC […]

By Staff |December 4, 2017

2 min read

Economic Indicators

Interest rates likely on hold until April: CIBC

The Bank of Canada will wait until at least April to change interest rates, allowing it some time to watch NAFTA negotiations and digest Q4 GDP data before making another move, a report from CIBC Capital Markets says. The BoC maintained its target for the overnight rate at 1% on Oct. 25, saying it expects […]

By Staff |November 16, 2017

1 min read

Economic Indicators

Longer low for bond yields

Find out why

By Staff |November 14, 2017

3 min read

BoC defends cautious stance on rates

The Bank of Canada (BoC) is maintaining rates for now, but not everyone is supportive of the cautious stance. For example, David Dodge, former BoC governor, tells Bloomberg that raising rates is the wise thing to do, considering the economy is close to capacity. Further, low rates encourage excessive borrowing by households and businesses — […]

By Staff |November 1, 2017

2 min read

Banks’ predictions for the next BoC rate hike

This week, the Bank of Canada held fast to its 1% benchmark rate. In a report, Desjardins economists describe the historically low rate as “reflective of highly expansionary monetary policy.” They thus expect normalization of rates in the coming quarters, albeit at a gradual pace. “A third increase could be announced either in December or, […]

By Staff |October 25, 2017

2 min read

BoC to hold interest rate, analysts say

Canadian financial institutions are predicting the Bank of Canada won’t change its target for the overnight interest rate at its announcement next week. In a research note on Friday, CIBC Capital Markets chief economist Avery Shenfeld suggested the central bank wouldn’t raise the interest rate for a third time this year. Citing strong economic growth, […]

By Staff |October 20, 2017

2 min read

Interest rate

BoC warns of risks for clients with mortgages

Big banks forecast next BoC rate hike

Interest rates likely on hold until April: CIBC

Longer low for bond yields

Economic indicators point to further BoC rate hikes

Powell to replace Yellen as U.S. Fed leader

BoC defends cautious stance on rates

Banks’ predictions for the next BoC rate hike

Canadians to feel the pinch if rates rise: survey

BoC to hold interest rate, analysts say