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Every mortgage borrower wants to know where the Bank of Canada will take rates next, and the bond market could give us those clues. Read on.

Bank of Canada

Canada

Financial Post

Look to bond yields after next week's Bank of Canada announcement. They're like a GPS for fixed-rate mortgages

As you may know, the Bank of Canada lowered its overnight interest rate to 4.25% in September. What this means is that British Columbians will see reduced interest rates on variable mortgages, car loans and on their credit cards. This was welcome news for Canadians and reflected our plan to responsibly create the economic conditions for interest rates to come down. While the Conservatives have focused their communications on simple slogans that …

Surrey, British Columbia

Surrey

theasianstar.org

Delivering on our promises, an economic update from your Liberal Member of Parliament - The Asian Star Newspaper

The Bank of Canada may announce a 0.5% cut in the key interest rate next week.

Montreal

TVA Nouvelles

A major cut in the key interest rate expected next week, according to an economist

The Parliamentary Budget Office (PBO) predicts Canada’s economy will remain weaker for the rest of 2024, with higher interest rates continuing to put a damper on economic growth.
Despite recent rate cuts by the Bank of Canada, which reduced its key interest rate from 5 percent to 4.25 percent from June to September, the PBO said the elevated rates “will continue putting downward pressure on consumer spending and investment.”
Canada’s economy gre…

Economy

Canadian Economy

The Epoch Times

Budget Watchdog Predicts ‘Tepid’ Growth in Canadian Economy for Remainder of 2024

With Canadian inflation bottoming to just 1.6% in September is a “supersized” rate cut coming? Economists at ING say they “would not be shocked” by such a development. In an October 17 report, ING’s Chief International Economist James Knightly says with an interest rate announcement from the Bank of Canada on the table for October […]
Source

Inflation

Federal Reserve

Cantech Letter

Are “supersized” rates cuts coming to Canada?

The post Trevor Tombe: They may be on the decline now, but the pain of high interest rates is going to last for a while appeared first on The Hub.

Calgary, Alberta

Calgary

The Hub

Trevor Tombe: They may be on the decline now, but the pain of high interest rates is going to last for a while

The chances of a half-percentage point interest rate cut by the Bank of Canada became more likely Tuesday after Statistics Canada reported annual inflation

Statistics Canada

Helicopters Magazine

Annual inflation falls to 1.6% in September, raises odds of 50-basis-point rate cut - Helicopters Magazine

A serious rally lifted Canada’s main stock index to a record intraday high on Wednesday, as investors kept hopeful for an exceptionally large interest rate cut by the Bank of Canada next week. While the utilities sector led gains on the TSX, a drop among energy and tech shares kept growth in check.
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U.S. markets also rallied though this week’s earnings reports have been a mixed bag, with strong performances from major banks being som…

themarketonline.ca

@ the Bell: TSX back to breaking record highs

BIV News

Western Investor

Thorold Today

Newmarket Today

Canada's annual inflation rate slowed more than expected to 1.6% in September, mainly on cheaper gasoline, but indicators of underlying price pressures held steady, data showed on Tuesday.

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Interest Rates

Politics

Canadian Politics

Oil and Gas Sector

CTV News

CBC News

Reuters

Global News

Winnipeg Free Press

Canada inflation slips to 1.6% on lower gas prices

Economists expect inflation continued its downward trend last month, giving the Bank of Canada the all-clear to continue cutting its benchmark interest rate. “We are looking for headline inflation to cool below the bank’s two-per-cent target in September,” said BMO economist Shelly Kaushik.

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Money

The Toronto Star

Economists predict inflation dipped below two per cent in September

TORONTO – Five things to watch for in the Canadian business world in the coming week: Inflation Statistics Canada will release its latest reading for inflation on Tuesday when it publishes its consumer price index for September. The annual inflation rate slowed to two per cent in August. The inflation report is the last major economic data point before the Bank of Canada’s interest rate decision on Oct. 23. Statistics Canada will release its lat…

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