The Canadian dollar illustrates how growth differentials and diverging rate expectations have driven a wedge between the greenback and the loonie since July. … READ MORE >
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Market Minute: No relief on horizon for mortgage rates
Increasing competition for scarce capital means higher long-term interest rates in general and elevated mortgage rates above 6% for 30-year fixed mortgage products. … READ MORE >
Market Minute: Canada’s financial conditions and its monetary policy path
Policy rate cuts by the Bank of Canada and the U.S. Federal Reserve are in response to both countries’ economies absorbing adverse policy shocks along with a slowing pace of hiring and wage growth. … READ MORE >
Canada’s economy slowing as major free-trade renegotiation looms
Canada’s subdued economic activity and the drop in inflation despite ongoing tariffs imply that the Bank of Canada could cut interest rates again this year. … READ MORE >
Bank of Canada holds interest rate amid economic resilience, trade tensions
The Bank of Canada held its key interest rate at 2.75 per cent amid Canada’s overall economic resilience and ongoing trade tensions with the U.S. … READ MORE >