Rates On The Rise Both Variable & Fixed

Mortgage Tips Steve Marshall 26 Oct

With the Bank of Canada in a mood to raise rates, it’s a similar feeling for the bond market, which impacts fixed rates. In every interest-rate market there are many factors leading to an increase and we are hoping to provide a little bit of clarity on what is happening and what it means to Read More

Poloz Rate Hike Had A Hawkish Tone

Latest News Steve Marshall 24 Oct

 

Posted by: Dr. Sherry Cooper
Chief Economist, Dominion Lending Centres

As was universally expected, the Bank of Canada’s Governing Council hiked overnight rates this morning by 25 basis points taking the benchmark yield to 1-3/4%. This marked the fifth rate increase since the current tightening phase began in July 2017 (see chart below). The central bank stated it would return the overnight rate to a Read More