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Why the jumbo BoC rate cut won't change the landscape for those trying to qualify for a mortgage
Still, among those with variable-rate loans, LowestRates.ca says a 50-basis-point BoC cut would translate to around $28 in monthly savings for every $100,000 of a mortgage. For a loan of $500,000 ...
The Globe and Mail7mon
Don’t count on another jumbo-sized rate cut: How markets and economists are reacting to Wednesday’s BoC decision
Our published forecast implies a quarter-point move but isn’t worth much at this stage before we get a LOT of data between now and then. The BoC’s faster rate cutting cycle underscores the ...
The Financial Times9y
Canada rates day: Why the BoC won’t be too cheerful
There won’t be a press conference or monetary policy ... near their all time lows at the time of the last meeting, the BoC said in its statement then that “the risks to the profile for ...