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More Near-Term Rate Hikes Are off the Table (But So Are Rate Cuts)
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When central bankers cranked up their policy rates to combat runaway inflation, they knew that it would create economic pain. You can’t ...

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The Case for Another 0.50% Bank of Canada Rate Hike
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The Bank of Canada (BoC) is expected to raise its policy rate when it meets this Wednesday. The only real question still up for debate is ...

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Has the Bank of Canada’s Policy Rate Finally Peaked?
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The Bank of Canada (BoC) increased its policy rate by another 0.50% last Wednesday, and that means it has now risen from 0.25% on March 1, ...

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2022: The End of the Free Money Era
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What a long, strange trip 2022 has been. At the start of the year, who would have believed that we would now be happy to ...

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Five Posts to Kick Off the New Year
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I hope you had time to relax and recharge over the holiday season. I will be back to my regular Monday Morning Updates ...

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Mortgage-Rate Forecast and Predictions for 2023
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Welcome back! As per tradition, my first post of 2023 will offer some predictions and forecasts for the year ahead but first, some ...

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Why Softer US Inflation Doesn’t Change My View on Mortgage Rates
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Last week we received the latest US inflation data, for December, and the results came in at or a little below consensus forecasts. If you ...

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Will the Bank of Canada Raise Again This Week?
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Most forecasters expect the Bank of Canada (BoC) to hike its policy rate by another 0.25% when it meets this Wednesday. The Bank will also ...

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Why We Shouldn’t Over-React to the Bank of Canada’s Rate-Hike Pause
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The Bank of Canada (BoC) hiked by another 0.25% last Wednesday. Its policy rate now stands at 4.50% after the most rapid series of ...

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Was the US Federal Reserve’s Most Recent Hike Really That Dovish?
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The US Federal Reserve raised its policy rate by another 0.25% up to a target range of 4.50% to 4.75%. Anyone keeping an eye on Canadian ...

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Canadian Hiring Surge Undermines Rate-Cut Bets
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Last week we learned the Canadian economy added an estimated 150,000 new jobs in January, ten times higher than the consensus estimate of ...

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Top Five Recent Posts About Mortgage Rates and Inflation
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I hope that you enjoyed the Family Day long weekend. I used the holiday yesterday for its stated purpose, so there won’t ...

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