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Tuesday, August 9th, 2016

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 […]

U.S. Senate votes to end budget impasse, shifting focus to House

20:53:25The Senate voted overwhelmingly – 81 to 18 — to end Washington’s budget impasse, a result that will put added pressure on the House of Representatives to do the same. Republican House Speaker John Boehner confirmed earlier Wednesday that he won’t oppose the bipartisan budget compromise, signalling the end of Washington’s weeks-long fight over fiscal […]

Bank of Canada will raise overnight interest rate in July 2014: BMO economist

By: Alexandra Posadzki The Canadian Press, Published on Wed Jun 19 2013 The Bank of Canada is likely to start raising its benchmark interest rate in July 2014, a full year before the U.S. Federal Reserve, BMO’s chief economist Douglas Porter said Wednesday. Porter predicts the overnight rate will go up by half a percentage point, which could […]

Evidence mounts of soft landing for Canada’s housing market – Consult with a Vancouver Mortgage Broker

You’d have to see rates move dramatically higher for a major correction Canada’s housing market is showing signs of a soft landing amid evidence of robust demand and buoyant new construction plans. Home prices in Toronto, Canada’s most-populous city, rose 5.4% in May from a year ago, the biggest increase in five months, the Toronto […]

BoC hints at rate hike

  The Bank of Canada announced Wednesday it will maintain its overnight rate at 1 per cent, also hinting at the future withdrawal of that stimulus. “In Canada, while global headwinds continue to restrain economic activity, underlying momentum remains at a pace roughly in line with the economy’s production potential,” writes the Central Bank in […]

Mark Carney sees more than a year of soft growth

The deteriorating global picture is turning what had been a soft patch for Canada’s export-heavy economy into more than a year of sluggish growth, the Bank of Canada said Wednesday in a new quarterly forecast. A day after leaving their benchmark interest rate at 1 per cent for a ninth consecutive meeting, Bank of Canada Governor Mark Carney and […]


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