Canada’s Disappointing Growth Data from Q2 2023 May Halt Bank of Canada’s September Interest Rate Hike
Canada’s Q2 2023 GDP growth of 0.3% disappoints, potentially halting Bank of Canada’s September rate hike. This may provide some relief for Canadians with variable rate mortgages.
An in-depth analysis questions whether the Bank of Canada’s rapid rate hikes were necessary as disinflationary forces and labor market dynamics may soon impact the economy.
Canada’s inflation dropped below 3%, but concerns arise as core inflation remains sticky and mortgage interest costs continue to rise, impacting future rate drops.
The Bank of Canada’s rate increase signals potential frustration for mortgage holders, with implications for variable and fixed rates. Economic uncertainties persist despite projected growth and inflation expectations.
The Bank of Canada is expected to raise rates by 0.25% on July 12, 2023, despite signs of a loosening labor market. Economists believe this may be the final increase for the year, aiming to combat post-COVID inflation.
Canada’s May inflation rate slows, casting doubts on Bank of Canada’s July rate hike. Annual inflation drops to 3.4%, the lowest in two years. Core measures remain elevated, prompting further assessment by policymakers.
As we are all now aware, on June 7th, 2023, the Bank of Canada made the decision to increase its interest rate. The move by the central bank has significant implications, particularly in the real...
As Canada awaits the May CPI release, concerns over inflation persist. Analysts question the Bank of Canada’s rate hike decision and its potential implications for a recessionary period. A careful balance between inflation control and economic growth is crucial.
Edmonton’s resale real estate market defies expectations as prices are predicted to rise by 1.5% in 2023. Despite higher borrowing costs, the market shows resilience and steady growth, offering opportunities for buyers and sellers.
Equifax® Canada’s Market Pulse report reveals a high demand for credit in Q1 2023, while the mortgage market slows down. Rising credit card balances and missed payments indicate affordability challenges for consumers, including in Edmonton and Calgary.