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Despite Jump In Property Taxes, Rent, Canada's Inflation Rate Slowed In October
Despite rising rents and property taxes, Canada’s annual rate of inflation edged down in October.According to Statistics Canada’s latest Consumer Price Index (CPI), inflation rose 3.1% year over year...
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“One Month Is Not A Trend”: BoC Says Not Time To Think About Rate Cuts
Homeowners hurting from the pain of higher interest rates may not get their wished-for rate cuts any time soon as the Bank of Canada head cautions that another hike may be needed.In a speech to the...
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Economists Say It’s “Too Early” For BoC To Talk Rate Cuts
This week will bring the Bank of Canada’s final interest rate decision of the year, and the consensus seems to be that the benchmark rate will be held at 5%. But that doesn’t mean Canadians are in the...
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Bank Of Canada Holds Interest Rate At 5%
As expected, the Bank of Canada opted to hold its policy interest rate at 5% on Wednesday.This is the third pause in rate hikes the bank has chosen to exercise as more Canadians grapple with decreased...
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With Third Interest Rate Hold, Economists Predict BoC Cuts To Start In...
As was widely anticipated, the Bank of Canada (BoC) opted to hold interest rates at 5.00% this week, the third consecutive pause as economic conditions soften and inflation edges closer to 2%.High...
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Canadian Mortgage Holders Reduce Spending Amidst High Interest Rates
Under the strain of high interest rates and mounting debt, Canadian mortgage holders have pulled back their spending.Since March of 2022, the Bank of Canada has raised the overnight rate from 0.25% to...
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2% Inflation Now In Sight, But “Still Too Early” To Talk Rate Cuts: Macklem
“The 2% inflation target is now in sight,” Bank of Canada (BoC) Governor Tiff Macklem said in his year-end remarks on Friday. “And while we’re not there yet, the conditions increasingly appear to be...
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Elevated Rents, Mortgage Interest Costs Keep Inflation Steady In November
Despite elevated mortgage interest costs and relentless rents, Canada's annual rate of inflation was unchanged in November,According to Statistics Canada’s latest Consumer Price Index (CPI), inflation...
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Bank Of Canada To Drop Interest Rate To 2.25% By 2025: TD
The Bank of Canada (BoC) will drop its policy interest rate to a much more attractive 2.25% by 2025, according to a recent forecast from TD.The long-term forecast, written by TD CFA James Orlando and...
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What Experts Are Saying About Real Estate, Interest Rates In 2024
It may be a new year, but it seems that Canadian real estate will face many of the same pressures it did in 2023. Interest rates and inflation will continue to be big-ticket issues in the year to...
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As Shelter Costs Soar, One Economist Says Rent Control Rules Are To Blame
Inflation may be down but shelter costs are surging, and that might have something to do with provincial rent control rules, one economist says.Statistics Canada’s Consumer Price Index saw just a 3.1%...
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Economists Forecast BoC Will Ease Interest Rate To 4.25% By Year End
Canadian inflation is on track to slip below 3% in the near term and return to the Bank of Canada’s (BoC) 2% target by the end of 2024, research from Oxford Economics suggests.Economists with the...
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Canadian Housing Markets Could See “Seasonally Strong Spring" With Expected...
TD Economics is calling 2024 '“the year of the cut” in Canada, with markets pricing the first interest rate cut as soon as April. In a note from Friday, TD’s Marc Ercolao writes that the Bank of...
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It's Happening Again: Promise Of Rate Relief To Spark Spring Housing Market
Canadians could see a lower interest rate as soon as spring according to some experts, though the Bank of Canada’s (BoC) Tiff Macklem has been careful not to say anything concrete about cuts and their...
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Inflation Accelerated In December. What Does That Mean For Interest Rate Cuts?
Canada’s annual rate of inflation edged up in December, muddling the expectation that interest rate cuts were on the horizon.According to Statistics Canada’s latest Consumer Price Index, inflation...
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Wednesday Expected To Bring Rate Hold, ‘Key Forward Guidance’ From BoC
Inflation may have picked up some steam in December, but many experts are still forecasting that the first interest rate announcement of the year, slated for Wednesday, January 24, will bring another...
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Bank Of Canada Holds Key Interest Rate At 5% For Fourth Straight Time
For the fourth time in a row, the Bank of Canada (BoC) opted to hold its policy interest rate at 5%.The hold was largely expected, with many economists predicting in the weeks leading up to...
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Interest Rates Won't Fix Housing Affordability: Macklem
Don't leave it to interest rates to fix Canada's ongoing housing affordability crisis, said Bank of Canada (BoC) Governor Tiff Macklem during a speech at the Montreal Council of Foreign Relations on...
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Canada In Store For 1.25% Interest Rate Cut In 2024: CIBC
There could be some good news on Canada’s interest rate front. In its latest provincial forecast, CIBC Capital Markets predicts that the country could be in store for a 1.25% rate cut in 2024. The...
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Canada Still On Track For Spring Interest Rate Cut: Economists
Economists with Desjardins are sticking with their long-held belief that the Bank of Canada will begin cutting interest rates this spring. This is in spite of the fact that economic data as of late...
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