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My Mortgage Blog — Latest Posts
Bank of Canada cuts policy rate by another 50 basis points
The Bank of Canada has done it again—cutting its policy rate by another 50 basis points on Wednesday. This brings the total rate reductions in 2024 to 175 basis points (1.75 percentage points),...
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Rate drop expectations
Canada’s unemployment rate spiked to its highest level in three years last month, jumping to 6.8% in a development that gives impetus for the Bank of Canada to continue rapidly bringing interest rates...
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Inflation ticks up in October: what it means for you
Canada's inflation rate was back on the rise in October, climbing to an annualized pace of 2.0% –– up from 1.6% in September. The rise was mainly driven by higher gas prices,...
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Effect of 25% Tarrif from USA on Canada
A 25% tariff imposed by the U.S. on Canadian exports could have significant effects on the Canadian economy, especially given the strong trade relationship between the two countries. Here's how it...
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