Blog Archives

Should Bank of Canada raise interest rate?

To answer that question first we need to know why Bank of Canada is keeping the rates low. Looking at few news releases by the

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Posted in Bank of Canada, BOC, prime rate

Stephen Poloz appointed as Governor of the Bank of Canada

Stephen Poloz. Source Bank of Canada

Starting from 3rd June 2013, Stephen Poloz will succeed Mark Carney – the outgoing BoC Governor – as Governor of the Bank of Canada for

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Posted in Bank of Canada, BOC

BoC Paper on House Prices and Mortgage Debt

Bank of Canada staffs regularly publish interesting papers on their research. An Equilibrium Analysis of the Rise in House Prices and Mortgage Debt, written by

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Posted in Bank of Canada, BOC, Statistics

Bank of Canada decided to play safe

Weal Global recovery

There are many reasons for rain or snow. Similarly Bank of Canada had many reasons to keep the low rate low. Overnight target rate is

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Posted in Bank of Canada, BOC, prime rate

No end in sight – Bank of Canada rate stagnation

Bank of Canada rate outlook

No one thinks that BoC is going to show any sign of movement tomorrow. We are going to see the stand still overnight rate for

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Posted in Bank of Canada, BOC, OIS, Overnight Index Swap

Qualifying Rate Will Drop Soon

Canadian Finance Minister thanked the big banks (except BMO) for not getting into rate cut game along with BMO. I guess for now they will

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Posted in BOC, fixed rate, Mortgage Rate, qualifying rate

BoC will stay on the side line

More than two and half years, Bank of Canada did not move at all with its trend setting target overnight rate. This time there are

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Posted in BOC, prime rate

The Dilemma of a Bank (of Canada) – Overnight Rate Remained at 1%

The news of overnight target lending rate to remain the same is a cliché now. You may already know abut the problems the bank has

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Posted in Bank of Canada, BOC

House Price and non-mortgage debt – closely correlated?

We have long seen those speculations on the house prices and mortgage interest rates. There is reasonable basis to believe that the house prices are

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Posted in Bank of Canada, BOC, equity, HELOC, House Price, Refinance

What is in the hat of 2013– Mortgage and real estate Forecasts

Forecasts are like juicy gossips. Those chatters have a probability of less than 50% to come true. Whatever the cases are those talks give us

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Posted in Bank of Canada, BOC, Debt, Economy, Forecast
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