It’s hard to say, but it’s the truth. BOC Governor Macklem’s refusal to raise rates until the Spring of 2022 is simply an admission that the BOC is trapped. If it raises rates, our economy will face more strain and m …

Inflation took up a lot of the statement, as was expected. Let’s summarize what the BOC said. First, they acknowledged that the inflation rate exceeds their band. It’s not at a level they’re comfortable with. They th …

In this blog, Tembo will dig into the BOC’s latest major statement to the media and the public from mid July, to try to understand the Bank’s analysis of the macro-economic situation Canada finds itself in. What the Bank d …

The disease that started off as a regional Chinese health challenge has now become an international economic concern that is spreading unease and uncertainty. Tembo gave a brief outline of the disease’s situation and status in i …

Well it happened, the Bank of Canada took an emergency rate cut decision, we now have interest rates that are 50 basis points lower (0.50%) than where they were. The expectations for a rate cut were powerful. There was almost no expec …

News keeps building on the spread of the coronavirus around the world. South Korea has reported a thousand cases of the disease and over 50 deaths, with these numbers rapidly rising. The South Korean Government has responded by emula …

The activity we’re seeing the real estate market is raising red flags with federal regulators and the Bank of Canada. When the 2016-17′ boom reached its peak governments at all levels rapidly intervened to cool activity. W …

Bank of Canada Governor Stephen Poloz surprised no one when he announced that the Bank of Canada’s interest rate would remain unchanged at 1.75%. As Tembo outlined in our past post, analysts were divided over whether the Bank wo …

The BOC will be announcing its next move on rates on the week of October 28th. Whether they stay even or go down is a big question, but they most certainly won’t be going up anytime soon. If rates do go down, expect the recovery …

As predicted, Fed Chairman Jerome Powell acquiesced to the relentless pressure from the White House and yesterday announced a 25 basis point cut in rates. The constant stream of snipes from Trump’s twitter account finally wore P …

It’s all over folks. We’re going down a new road. After intense pressure from President Trump and other members of his Administration to lower rates and boost stimulus, Federal Reserve Chairman Jerome Powell folded. In his …

Canada is an expensive place to live in. With a generally high quality of life comes high taxes, prices, and fees. Canadians pay some of the highest airfare, phone bills, and property taxes in the world. They also pay huge sums for m …