Nobody was surprised to hear today that the Bank of Canada did not change it’s overnight rate of 1.75%. In 2017 the Bank was steadily increasing the overnight rate and was openly discussing the intention to continue doing so. However, after several successful...
Reuters conducted a poll this week with 40 economists which lead to this conclusion: the Bank of Canada is not likely to increase interest rates until the end of 2020. In fact, there’s a 40% chance that we’ll see them make cuts to interest rates in that...
If you’re a millennial and you’re looking to buy your first home, you’re not alone. According to an RBC Economic Research study released in February of this year, Canada has the world’s largest group of homeowners. Millennials in Canada make up...
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