20
Jul
TD Raises Prime Rate To 2.75%
TD is the first out of the gate. It just raised its prime lending rate by 1/4 point to 2.75%. The change takes effect tomorrow. TD was the first big...
Archive for the ‘Mortgage Rate Trends’ Category
20
Jul
Canadas Key Lending Rate Headed Higher
The Bank of Canada has lifted its key lending rate by 1/4 percentage point, to 0.75%. The Bank had this to say in its written statement: “The global economic recovery...
19
Jul
On The Eve Of The BoC Meeting
Every major economist in the country expects the Bank of Canada to hike its key lending rate by 1/4% tomorrow (19 out of 19 economists to be exact, according to...
12
Jul
Market Projects Prime Rising To 2.75%
Canada’s key lending rate is headed at least 1/4 point higher in eight days…that is, if the financial markets are right. Here’s the latest… Friday’s eye-popping employment report has lifted...
10
Jul
Long-Term Mortgage Rate Forecast: Down Big
Economic worries have led major economists to slash their long-term interest rate predictions. The big banks’ average forecasts for Canada’s overnight rate and 5-year bond have plunged 60 and 57...
5
Jul
Rates Will Still Rise, But SlowerSay Analysts
Major economists expect Canada’s overnight rate to rise to 1.25% by year end—according to a Bloomberg survey. That’s down from a May projection of 1.50%. (The overnight rate is currently...
3
Jul
RBC Quietly Cuts Rates Another 10 Bps
RBC has dropped most of its fixed rates another 10 basis points—just one week after its last rate cut. It did so without issuing a press release. (For whatever reason,...
30
Jun
Yields Plunge. Spreads Explode
The bond market continues to defy economists’ expectations (no news there). What is news, is that the 5-year yield has fallen to 2.30%, well below technical support at 2.40%. Disappointing...
24
Jun
RBC Drops Fixed Rates 0.10
RBC has cut its 1- to 10-year fixed rates by 0.10 percentage points—effective tomorrow. Its new 5-year posted rate is 5.89%, while its “special offer” rate is now 4.49%. This...
24
Jun
RBC Drops Fixed Rates 0.10
RBC has cut its 1- to 10-year fixed rates by 0.10 percentage points—effective tomorrow. Its new 5-year posted rate is 5.89%, while its “special offer” rate is now 4.49%. This...