The Bank of Canada Slowed the Pace of Monetary Tightening

General Gabriel Da Silva 27 Oct

  The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 50 basis points today to 3.75% and signalled that the policy rate would rise further. The Bank is also continuing its policy of quantitative tightening (QT), reducing its holdings of Government of Canada bonds, which puts additional […]

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Fixed mortgage rates are expected to take another step up next week

Latest News Gabriel Da Silva 23 Oct

Fixed mortgage rates are expected to take another step up next week, pushing some 5-year fixed mortgages into 6% territory. Five-year fixed mortgage rates typically follow the Government of Canada 5-year bond yield, which surged more than 40 basis points over the course of the week—briefly reaching a 14-year high on Friday—before retracing some of […]

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Bank of Canada Will Not Be Happy With This Inflation Report

Latest News Gabriel Da Silva 19 Oct

  Canada’s headline inflation rate ticked down slightly last month to 6.9%, but measures of core inflation remain stubbornly high, and food prices hit a 41-year high. Lower gasoline prices were primarily responsible for the decline in inflation in the past three months. Bond markets sold off on the immediate release of the data this […]

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Rising Interest Rates!

Latest News Gabriel Da Silva 7 Oct

  Forty-Three Years Ago, I Was Fed Chair Paul Volcker’s Special Assistant Inflation appears to be book-ending my career. I started my work as an economist in the Research Division of the Federal Reserve Board in Washington, D.C., in the late 1970s. Inflation had been trending higher for years. Neither Arthur Burns nor G. William […]

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Staffing Shortages

Latest News Gabriel Da Silva 7 Oct

  Tight Labour Market Fuels Higher Wages Today’s Labour Force Survey showed that employment grew in September for the first time in four months. Job gains remained moderate despite the high number of vacancies, indicating how tight the job market remains. Wage rates rose 5.2% year-over-year (y/y), the fourth consecutive month for which wage gains […]

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First Time Home Buyers Guide

Mortgage Tips Gabriel Da Silva 20 Sep

  Let Us Be Your Guide Through The Mortgage Process. When you work with us, we’ll pair you with an experienced agent to take you step-by-step through the mortgage process. You’ll receive personalized, one-on-one service designed to get you across the finish line.   Notable Terms. Mortgage Term: The length of time that you’re locked […]

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Understanding Mortgage Trigger Points

Mortgage Tips Gabriel Da Silva 6 Sep

  As we move into the Fall market, there are some important things you should be aware of. While inflation has now likely peaked, we will still be dealing with the repercussions from these heightened levels for a while before things balance out. As inflation is corrected, we are also seeing home prices moving back […]

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Finally, Some Good News on the Inflation Front

Latest News Gabriel Da Silva 10 Aug

It was widely expected that US consumer price inflation would decelerate in July, reflecting the decline in energy prices that peaked in early June. The US CPI was unchanged last month following its 1.3% spike in June. This reduced the year-over-year inflation rate to 8.5% from a four-decade high of 9.1%. Oil prices have fallen […]

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Another Jumbo Rate Hike, Signalling More To Come

Latest News Gabriel Da Silva 4 Jun

The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points once again today, marking the third rate hike this year. The two back-to-back half-point increases are without precedent, but so were the dramatic pandemic rate cuts in the spring of 2020. Indeed, with the surge in […]

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