The Bank of Canada didn't just put rate hikes on the back burner today; it unplugged the stove.
The Bank is now "confident enough" that inflation is on the right track to not publicly dwell on rate hike risk any longer. That was today's
📰Canadian 5-year yields hit half-year lows following Fed announcement.
It was a bombshell down in Washington D.C. today. The U.S. Federal Reserve has just signalled that liquidity will return to the mortgage market in 2024.
In a policy swivel that few saw coming, Fed chief Jerome Powell confirmed
Mortgage borrowers need rate relief like a desert hiker needs water, but the Bank of Canada is keeping rate cuts a mirage with no oasis in sight.
The BoC extended its rate pause today as expected—but moved the goalposts. The Bank now projects "that inflation will stay around
Every month, Bay Street economists play a game of economic bingo, and this month, they had their dabbers ready for a 4.0% inflation print. Instead, StatsCan pleasantly surprised us with 'just' 3.8%.
Almost all of Canada's economist herd is now moving in the same