Bank of Canada

Rate-Hike Fever Has Canadian Bond Managers Eyeing Short End

There’s money to be made in Canada’s short-term bond market with traders getting ahead of themselves in pricing in steadily rising interest rates …

Economy

Some homeownership dreams dying as mortgage rates rise

Following a fresh round of mortgage rate hikes ahead of an anticipated rate increase at the Bank of Canada, we examine the challenges ahead for …

Mortgages

Bank of Canada to start 2018 with a hike, despite NAFTA risks

OTTAWA/BENGALURU (Reuters) - The Bank of Canada will kick off 2018 by hiking interest rates, buoyed by robust job growth, even as uncertainty around the fate of the North American Free Trade Agreement lingers, a Reuters poll found.<p>Analysts expect the BoC to raise rates three times this year, …

Economy

Prospect of higher rates has Canadians worried about paying bills, survey shows

Canadians are feeling increasingly worried about their personal debt, with an increasing number close to being unable to pay the bills every month as …

Mortgages

The big question isn’t whether the Bank of Canada will raise rates this week

The Bank of Canada is already well into the process of raising interest rates to more normal levels and another increase is expected on Wednesday, …

Economy

Labour minister brushes off ‘doom and gloom’ minimum wage predictions

Ontario’s Minister of Labour, Kevin Flynn, told the Bill Kelly Show Monday that he doesn’t see the doom and gloom predictions on the minimum wage …

Economy

How Canadian bank profits could take a hit as the Bank of Canada is expected to hike

John Aiken, director of global research for Canadian financials at Barclays Capital, joins BNN to talk about the impact on Canadian bank profits from …

Banking

The case for having U.S. dollar exposure

Larry Berman<p>Berman's Call<p>Follow|Archive<p>There are several key factors all coming together in the next few weeks to months that should shape a somewhat …

Economy

From mortgages to NAFTA, the Bank of Canada shows it has real political clout

Loonie's plunge after Trump trade threat is evidence, as Poloz responds to political events<p>Bank of Canada governor Stephen Poloz always insists he …

Economy

News Highlights: Top Global Markets News of the Day

The Dollar's Decline Has a Flipside for Markets<p>It isn't a happy new year for dollar bulls, with the currency starting 2018 by falling to a three-year low. The weak dollar has consequences elsewhere for central banks and markets-but isn't necessarily something to be feared.<p>Trouble Ahead for the …

Economy

The year so far in interest rates: Savers 1, Borrowers 0

This year is already shaping up as the most eventful in a decade for interest-rate watchers.<p>The country is zeroing-in on Wednesday's Bank of Canada announcement as an indicator of what's ahead for rates. But a shift to higher borrowing costs and savings rates has already begun. Mortgage rates have …

Mortgages

Global Economy Week Ahead: China GDP, Fed's Beige Book, Bank of Canada Rate Decision

This week features the Federal Reserve's beige book report on economic conditions in the U.S., interest-rate decisions from the Bank of Canada and Bank of Korea, and a reading on China's fourth-quarter gross domestic product.<p>WEDNESDAY: The Federal Reserve publishes industrial production -- or …

Economy

Investors think there'll be plenty of rate hikes this year, including one in Australia

Scott Barbour / ALLSPORT<p>If financial markets are on the money, it looks like there’ll be even more rate hikes from major central banks this year, …

Economy

Before reading Bank of Canada tea leaves, be sure the pot has boiled

OTTAWA — Amid all the hullabaloo over when, not if, the Bank of Canadawill continuecranking up the country’s key borrowing level, there is perhaps a …

Economy

TD and CIBC join RBC in hiking mortgage rates ahead of Bank of Canada decision next week

Several Canadian lenders have boosted their mortgage rates ahead of an interest rate decision next week by the Bank of Canada.<p>A Royal Bank of Canada …

Mortgages

Bank of Canada risks delivering a shock if it holds on rates

The Bank of Canada is widely expected to pull the trigger on a 25 basis point rate increase at its January meeting, the third hike in less than a …

Economy

Go ahead, jump on the BoC interest rate hike bandwagon — there’s plenty of reason to

Economists at Bank of Montreal got some free publicity this week for doing nothing more than joining the pack.<p>Their peers at National Bank were the …

Economy

Canadian home prices rise in December after three straight months of declines: Teranet

OTTAWA - Canadian home prices rose in December after three consecutive months of declines, lifted by an increase in Vancouver even as prices in …

Mortgages

Royal Bank, TD raise their fixed 5-year mortgage rates

Other major banks expected to follow, as bond interest rates rise, increasing lending costs<p>Canada's two biggest banks have raised the interest rate …

Mortgages

CANADA FX DEBT-C$ nearly flat against weaker greenback as oil dips

© Reuters. CANADA FX DEBT-C$ nearly flat against weaker greenback as oil dips<p>* Canadian dollar at C$1.2511, or 79.93 U.S. cents<p>* Bond prices fall …

Economy

Market still sees 75% chance Bank of Canada will hike rate next week despite NAFTA kerfuffle

Fears among Canadian officials that the U.S. is getting closer to ripping up the North American Free Trade Agreement caused traders to rapidly …

Economy

A major bank just hiked mortgage rates - and this time, it's a big deal

Canada's mortgage-rate trendsetter, Royal Bank of Canada, hiked its posted five-year fixed mortgage rate Thursday.<p>In days gone by, I never would have written about this. Posted rate changes were no big deal.<p>Today, they are.<p>Government regulations now force most Canadians to prove they can afford …

Mortgages

Here's How Much House You Can Afford Under Canada's New Mortgage Rules

<b>By Sonia Bell and Wayne Karl</b>It's January 2018, prospective homebuyers, and you know what that means: The new mortgage stress test is in play.But what …

Mortgages

Canadian dollar, TSX hit by reports that U.S. may pull out of NAFTA

The Canadian dollar, government bond yields and a number of blue-chip stocks sank on Wednesday after reports that the United States is considering withdrawing from the North American free-trade agreement, raising questions about how Canadian exporters and the domestic economy will respond if the …

Economy

Canada job vacancies rise in third quarter with gains across sectors

Canada job vacancy rose 468,000 in 3Q (+15.1% Y/Y) with gains across all sectors, vacancy rate at 2.9% from 2.6%.<p>Canada's labor market saw …

Business

Caisse boss urges Bank of Canada to be cautious on rate rises

TORONTO (Reuters) - Caisse de depot et Placement du Quebec's chief executive urged the Bank of Canada on Wednesday to take a cautious approach to interest rate rises, saying the country's economy faced future headwinds.<p>"The Bank of Canada needs to be very careful about being too aggressive (in …

Business

Forex - Dollar Rebounds vs. Yen as China Bond Concerns Ease

© Reuters. Dollar rebounds vs. yen as China bond concerns ease<p>Investing.com - The dollar rebounded against the yen on Thursday after China's foreign …

Economy

BRIEF-National Bank Of Canada Announces NVCC Preferred Share Offering

<i>0</i><p>Recent Alerts<p>Sign up to create alerts for Instruments, Economic Events and content by followed authors<p>Free Sign Up<p>Already have an account? Sign …

Finance

Bank of Canada to raise rates three times in 2018: Vanguard

Joe Davis, global chief economist at Vanguard, joins BNN to discuss the firm's global economic outlook for 2018. He explains why he's expecting …

Finance

NAFTA woes to linger, threatening stocks and Canadian dollar

Briefing highlights<p>Trade woes hit loonie, peso<br>• Analysts still expect rate hike<br>• Markets at a glance<br>• ‘Bond storm’ subsides, oil up<br>• Bitcoin plunges<br>• Cogeco raises dividend<p>Developments like this encapsulate the headline risk that will linger through the next round of NAFTA negotiationsSue Trinh, Royal Bank …

Economy