gdp Archives - Page 2 of 3 - Mortgage Rates & Mortgage Broker News in Canada

Soft GDP figures point to a BoC rate cut next week, but uncertainty remains

May 31, 2024 No Comments

Canada’s economy slowed more than expected in the first quarter, raising the odds of an interest rate cut next week by the Bank of Canada, economists say.

Strong U.S. inflation could delay rate cuts on both sides of the border

April 10, 2024 No Comments

While the Bank of Canada left its benchmark rate unchanged as expected today, markets instead turned their attention to today’s hot U.S. inflation report.

What the latest GDP figures mean for the Bank of Canada’s rate cut timing

March 28, 2024 No Comments

Canada’s stronger-than-expected GDP growth in January could pose a challenge for the Bank of Canada, potentially complicating the timing for its anticipated interest rate cuts.

Bank of Canada’s rate-cut timing uncertain as economic growth beats expectations

January 31, 2024 No Comments

Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near term, economists say.

Not quite a recession, but Canada sees third-quarter growth turn negative

November 30, 2023 No Comments

There was growing talk of the “R-word” (recession) leading up to today’s GDP data release, given the third quarter could have marked the second straight month of negative growth.

Market participants expect first rate cut as early as April 2024

November 6, 2023 1 Comment

A survey of influential economists and analysts shows many are expecting the Bank of Canada’s first rate cut by April 2024.

Recession talk gets louder as economic growth flatlines for second straight month

October 31, 2023 No Comments

Canada’s economic growth has flatlined for the second straight month, and has now undershot expectations for the past five months.

Canada’s economy now “struggling” under the weight of high interest rates

September 29, 2023 No Comments

Canada’s economic activity in July was unchanged from the previous month, marking the second straight month of weak GDP results.

Oxford Economics predicts house price decline

Recession expected to drive home prices down another 10%: Oxford

September 20, 2023 No Comments

In its economic and housing outlook released today, Oxford Economics is forecasting a mild recession by the end of the year will lead to an additional 10% decline in average house prices by early next year.

Weak GDP data means Bank of Canada rate hikes could be “over and done”

September 1, 2023 No Comments

Canada’s economy slowed more than expected in the second quarter, raising the likelihood that the Bank of Canada will leave rates unchanged at next week’s policy meeting.

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