Like the Bank of Canada, the U.S. Federal Reserve controls American interest rates in order to stimulate the economy. They didn’t make a move to change rates in their latest announcement, but markets are still reacting. Here’s why – and how it could affect your Canadian cost of borrowing.
It’s been quite a year for interest rates, and recent economic turmoil and dropping oil prices lead many to believe the Bank of Canada will cut rates again in September. However, one big bank holds a more optimistic view, believing rates will see an uptick next year. Get the full story.
A September U.S. rate hike is looking more likely, as the American economy continues to improve. However, such a move would lower the loonie even further. Here’s what Canadians need to know.
It seems Canadian bonds have been immune to the global bond sell off – in fact, demand for our bonds has reached its fastest pace in history, leading to low yields and fixed mortgage rate discounts. Can this low-rate reality last? Get the full story.
The timing of the US Fed hike has been long speculated upon – any movement in central rates there would have deep implications for other nations’ interest rates – especially Canada’s. Here’s what you need to know.
A Bank of Canada March rate cut is looking less likely as Governor Stephen Poloz hints that January’s movement is still being absorbed by the economy. Meanwhile, the U.S. Fed is holding off on hiking their rates as global economic factors remain shaky.
2014’s record low mortgage rates have lasted into the new year with no change in sight, according to RateSupermarket.ca’s expert Mortgage Rate Outlook Panel.