Mortgage knowledgebase
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Thoughts on the Bank of Canada’s Most Recent Rate Cut and Commentary
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Last week the Bank of Canada (BoC) dropped its policy rate from 4.50% to 4.25%, as expected. Our variable mortgage rates fell by the same amount shortly ...

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Why the Bank of Canada Should Cut by 0.50% This Week
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The Bank of Canada (BoC) meets this Wednesday and there is broad consensus that it will cut its policy rate by another 0.25%, lowering it from 4.50% to ...

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Canadian Inflation Falls and the US Fed Pivots
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Last week saw encouraging developments on both sides of the 49th parallel for anyone hoping that Canadian mortgage rates will continue to drop. We learned ...

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How the Latest US Economic Data Have Impacted Fed Rate Cut Prospects
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The latest US economic data have US bond-market investors paring back their bets on a 0.50% rate cut by the US Federal Reserve at its next meeting on ...

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Why the Canadian Employment Narrative Is About to Change
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Last week Statistics Canada confirmed that our economy continued to shed jobs in July. We lost 2,800 jobs on a net basis last month, following a net loss ...

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Bond-Market Investors Now Expect the US Fed to Start Slashing Its Policy Rate Soon
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Bond yields plunged last week as investors repositioned themselves for a US led global economic slowdown. The US economy has been relying on temporary ...

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The Bank of Canada Cuts and Coos
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The Bank of Canada (BoC) cut its policy rate by another 0.25% last Wednesday, lowering it to 4.5%. That news brings welcome relief to Canadians with ...

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Inflation and Inflation Expectations Have Reset Lower. Are Mortgage Rates Next?
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Last week, Statistics Canada confirmed that our Consumer Price Index (CPI) increased by 2.7% in June on a year-over-year basis, down from 2.9% in May, and ...

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Easing US Inflation is Good News for Canadian Mortgage Borrowers
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Last week we learned that US inflation cooled in June. That was welcome news for anyone keeping an eye on Canadian mortgage rates. The US Consumer Price ...

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How Will Weak Employment Data Impact Canadian Mortgage Rates?
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Last week, Statistics Canada confirmed that our economy lost an estimated 1,400 jobs in June, a major shortfall from the consensus forecast that it would ...

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Will Last Month’s Inflation Uptick Alter the Bank of Canada’s Plans?
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Last week Statistics Canada confirmed that our Consumer Price Index (CPI) increased by 2.9% in May on a year-over-year basis, up from 2.7% in April. For ...

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Is US Economic Momentum Really That Strong?
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It doesn’t take long for anyone keeping an eye on Canadian mortgage rates to see the impact on them from US economic developments. Government of Canada ...

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