rate forecast Archives - Page 2 of 5 - Mortgage Rates & Mortgage Broker News in Canada

Banks and lenders cut fixed mortgage rates

Big banks slash mortgage rates this week to reflect lower bond yields in Canada

January 12, 2024 No Comments

Nearly all of the country’s big banks slashed their advertised fixed mortgage rates this week, in some cases by as much as 70 basis points (or 0.70%).

Bank of Canada continues to talk tough despite markets’ rate-cut expectations

December 6, 2023 No Comments

Like a stern parent, the Bank of Canada once again reminded markets that it is prepared to raise interest rates further if necessary to bring down inflation.

Rate cut odds steep following weak inflation data

Rate cut odds steepen after weak October inflation data

November 21, 2023 No Comments

Following the release of weaker-than-expected October inflation data, markets are growing more confident that the Bank of Canada’s rate-hike cycle is officially over.

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.

Experts predict lower mortgage rates as bond yields plunge

November 3, 2023 3 Comments

Mortgage shoppers and those with upcoming renewals may see some rate relief next week thanks to a steep drop in bond yields.

CIBC’s Tal: “We are very, very close to the end of monetary tightening”

October 17, 2023 2 Comments

CIBC deputy chief economist Benjamin Tal said that while we’re are very close to the end of Bank of Canada rate hikes—or maybe already there—the biggest question is when the Bank will being cutting rates.

No rate cuts expected until second half of 2024, says BMO

September 26, 2023 No Comments

BMO Economics released its updated rate forecast today, reducing the amount of monetary policy easing it expects from the Bank of Canada in 2024.

Bank of Canada benchmark rate expected to reach a 22-year high of 5% this week

July 10, 2023 1 Comment

The Bank of Canada is widely expected to deliver a second consecutive quarter-point rate hike this Wednesday, which would bring its benchmark lending rate to a 22-year high of 5%.