Today’s good inflation news and weakening economic data suggest that the Bank of Canada will cut its overnight policy rate by another 25 bps on September 4. Additional monetary easing is also likely in October and December, continuing through much of next year, triggering a rebound in housing activity. Read about it here https://dominionlending.us7.list-manage.com/track/click?u=e22472ccf910e7bde7d3d0632&id=69cb8709bc&e=cb7f9db17c

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https://globalnews.ca/news/10673449/30-year-mortgage-amortizations-canada-affordability/

The quarter-point reduction brings the Bank’s overnight target rate to 4.50%, now 50 bps below its peak of 5.00%. In his opening statement following the announcement, Governor Tiff Macklem hinted that more could be forthcoming as long as inflation continues to move in the right direction. “If inflation continues to ease broadly in line with […]

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https://dominionlending.ca/economic-insights/june-home-sales-in-canada-show-early-signs-of-a-pick-up-after-boc-easing

https://dominionlending.ca/economic-insights/weaker-than-expected-jobs-report-keeps-further-boc-rate-cuts-in-play

https://dominionlending.ca/economic-insights/canadian-housing-market-was-quiet-in-may

https://dominionlending.ca/economic-insights/bank-of-canada-cuts-overnight-rate-25bps-to-4-75

https://financialpost.com/news/economy/bank-of-canada-cuts-interest-rate-to-4-75