tiff macklem Archives - Page 2 of 4 - Mortgage Rates & Mortgage Broker News in Canada

Tiff Macklem on June Bank of Canada rate cut

Is today’s Bank of Canada rate cut “one and done” for now?

June 5, 2024 No Comments

Variable-rate borrowers finally got their wish of a Bank of Canada rate cut today. But how long could they be waiting until the next?

Reasons for and against a Bank of Canada rate cut this week

June 3, 2024 2 Comments

While the odds of a Bank of Canada rate cut this week have risen, many experts admit the decision could still go either way.

Tiff Macklem, governor of the Bank of Canada, speaks during an event at the Toronto Region Board of Trade in Toronto

“Still too early” to start cutting rates, says BoC’s Macklem

March 6, 2024 No Comments

Following today’s decision by the Bank of Canada to leave interest rates on hold, Governor Tiff Macklem said plainly that it’s still too early to being

Bank of Canada can't solve housing affordability challenge

The Bank of Canada can’t solve the country’s housing affordability problem: Macklem

February 6, 2024 1 Comment

While monetary policy plays a crucial role in the housing market, lowering interest rates isn’t a silver bullet for resolving Canada’s housing affordability crisis, Bank of Canada Governor Tiff Macklem said today.

Fixed mortgage rates in Canada resume their decline amid economic volatility

February 3, 2024 No Comments

After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down.

Bank of Canada needs ‘assurance’ of 2% inflation path before cutting rates: Macklem

February 1, 2024 2 Comments

Bank of Canada Governor Tiff Macklem said the Bank will only start entertaining interest rate cuts once it has “assurance” that inflation is trending back towards its 2% target.

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.

Still too early to talk about rate cuts, BoC’s Macklem says

December 15, 2023 No Comments

While Bank of Canada Governor Tiff Macklem says weakness in 2024 will lead us back to a balanced economy, he added it remains too early to start talking about rate cuts.

Tiff Macklem, Governor of the Bank of Canada

BoC’s Macklem doesn’t want to repeat the inflation-fighting mistakes of the 1970s

November 22, 2023 3 Comments

As a teenager growing up in the 1970s, Tiff Macklem said he recognized the impact high inflation was having on everyone: “Inflation made everyone angry.”

Bank Of Canada Governor Tiff Macklem speaks in Ottawa

Expected wave of mortgage renewals contributed to latest rate hold: Bank of Canada

November 1, 2023 1 Comment

The large number of mortgages coming up for renewal at higher rates is one reason why the Bank of Canada decided to leave its target rate unchanged at 5.00% last month.

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