The narrative that the spate of big rate hikes we’ve seen will force central banks to back off on further increases continues to build. An internal CIBC note the Financial Post reported on suggests that we will see a 75 basis po …

So far, inflation in Canada peaked at 8.1% in June, falling to 7.6% in July. Higher inflation is driving more and more Canadians to lean on credit cards, loans, and lines of credit to make ends meet. With higher interest rates comes h …

The cooling market continues to put downward pressure on house prices, particularly outside of the GTA. Housing markets in rural, small town, and exurban Ontario, where the COVID fueled back to the land trend raised values most, are n …

Rates are going up everywhere. We’ve all seen how quickly the panicked Bank of Canada moved to hike the cost of money. In the U.S., the interest rate for a fixed 30 year mortgage is now approaching 6%, where not long ago it was …

The latest data from ratehub.ca shows that higher interest rates are pushing up mortgage stress test amounts by some $18,000 per borrower or couple. Stress tests are pushing up the costs of borrowing and are forcing many prospective b …

The BOC’s terminology for its 1% interest rate hike calls these big increases “front-loaded.” A massive increase now staves off the need for multiple rate hikes in the future. BOC Governor Macklem has used strong lan …

We turn now to the U.S. to inform our readers of an emerging narrative suggesting that the traders who correctly predicted that the Fed would go hyper-hawkish on rates are now sensing the potential for rate cuts – due to the eco …

Rates are going up for the foreseeable future. We’re in a tightening cycle that will continue until inflation begins to see a sustained decline. Experts predict that rates will go up until 2023, when they will begin to fall agai …

It’s hard to predict what the future will bring in a world as dynamically turbulent as ours these days. This is an era where everyday brings a new challenge, a new development, and above all – huge fast paced change. Inter …

There’s no doubt that the BOC’s standing has taken a bit of a beating. The BOC is now openly being criticized by politicians (largely on the right wing of the spectrum), and by some in the media and in the financial world. …

The latest gift to Canadians from the Bank of Canada is a 50 basis point rate hike in June. Politicians, news headlines, economist surveys, and banking executives all take it as a given that the BOC has no choice but to jump up rates …

The flurry of news stories was quick after the BOC hiked rates by 50 basis points; with the narrative changing to a cooled market, prices going back down to normal, and rife with stories of people regretting buying homes at the top of …