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Monday, January 27th, 2020

How to make Canada’s low inflation work for your money – Ask a Vancouver Mortgage Broker

ROB CARRICK–  The Globe and Mail The economic situation today is as good as it gets for your household finances. Inflation’s low at just a bit above 1 per cent and wage increases average about 2 per cent. “Statistically speaking, we’re doing better,” said Benjamin Tal, deputy chief economist at CIBC World Markets. “But don’t […]

Bank of Canada warns low inflation to persist into 2016

BARRIE MCKENNA–  OTTAWA — The Globe and Mail The Bank of Canada is warning that unusually low inflation pressures will persist into 2016 – a new forecast that could further delay future interest rate hikes and send the Canadian dollar lower. The currency plunged after the announcement, sinking to 90.3 cents U.S. by late morning. The central […]

Bank of Canada Rate Biases – Consult with a Vancouver Mortgage Broker

Bank of Canada Rate Biases When the Bank of Canadatalks rates, analysts hang off of every word. They pay special attention to biases in the Bank’s wording (i.e., which way the Bank is leaning on interest rates). The media loves to pump commentators for predictions on whether the BoC will keep its rate “bias,” not keep its bias, […]

Canadian wage gains outpace inflation

ORA MORISON The Globe and Mail On average, Canadians brought home more cash in May, and earnings continued to grow faster than inflation. Statistics Canada reported Thursday that average weekly earnings crept up 0.5 per cent in May compared with April, and that gains were felt in all provinces. The average worker made $894.61 per week — […]

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