Found 2 blog entries tagged as canada mortgage rates.

Canadians have never had so many monetary policy questions, especially homebuyers. Our crystal ball is in the shop, so we can’t tell you what interest rates will be. However, we can do the next best thing — present you with the Canadian Overnight Rate Sentiment Index. We polled the country’s top economics and finance experts for their Bank of Canada (BoC) forecast. We then de-biased it by disassociating the expert’s name, and plotted the forecasts. While we can’t tell you the future (yet!), we can help you understand where the best of the best see things heading. 

A Quick Note On Forecasting

It might seem obvious what a forecast is, but it’s worth repeating for those who don’t work with them regularly. A forecast estimates a future…

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Canadian bond yields are soaring, but the central bank isn’t expected to raise rates. At least not yet, according to an analysis from BMO Capital Markets. Government of Canada (GoC) bond yields showed a multi-year high for annual growth in 2021. This means rising market expectations of the overnight rate climbing in the near-term. Despite soaring yields, BMO doesn’t see the Bank of Canada (BoC) raising rates in January. Public health measures make that unlikely, but they still do see an early hike.

Canadian Bond Yields Are Rising At A Multi-Year Record Pace

The GoC 5-year bond climbed at one of the fastest rates ever last year. The yield ended 2021 at 1.264%, up 86.5 basis points (bps) from a year before. It was the biggest…

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