19 May

Economic Update from RMG Mortgages

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Canada Inflation Rate Update for April 2026   Some very good news this morning with the release of Canada’s inflation numbers. These numbers will be looked at in a very positive way from the Bank of Canada when the next interest rate decision is being made on June 10th.  This is the last inflation print […]

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8 Apr

Mortgage reform?

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Could the government extend amortization limits as part of housing plan?   https://www.mpamag.com/ca/mortgage-industry/market-updates/trudeau-teases-potential-mortgage-rule-changes-before-april-budget/484199?hsmemberId=195670&tu=b09f6cac-5a43-40c0-a6a2-cde16118d484&utm_campaign=&utm_medium=20240408&_hsenc=p2ANqtz-8JTJnxkovyERJ_qJdQbfPa2A-byZQOLc1DRrSXFE4uKuavukJGN55cV7fbRKGEB9fqo7WtzntNVxeE-zOLXi6ekFemcOgHNHp9LZGj5MEX7aDRfD0&_hsmi=301683977&utm_content=b09f6cac-5a43-40c0-a6a2-cde16118d484&utm_source=

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16 Jan

Inflation is up!

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“Canadian Inflation Rises to 3.4% Y/Y In December” from @DLCCanadaInc Chief Economist @DrSherryCooper https://dominionlending.ca/economic-insights/canadian-inflation-rises-to-3-4-y-y-in-december

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16 Nov

US Treasury yields down due to jobless numbers

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https://tradingeconomics.com/united-states/jobless-claims Courtesy of Tania Hatcher at RMG Mortgages Thursday initial jobless claims higher than consensus.  Causing US Treasury yields to drop early this morning and likely bond yields in Canada will follow.  Export/import prices in US also negative and disinflationary. US 10 year treasury down 8.2 bps this morning The number of Americans filing for […]

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6 Nov

October Jobs Report

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Weak October Jobs Report Likely Takes Further BoC Rate Hikes Off The Table Today’s StatsCanada Labour Force Survey for October was weak across the board. Total job gains were meagre, full-time jobs fell, hours worked were flat, wage inflation eased (a bit), and the unemployment rate rose. Employment changed little in October, up only 17,500 (0.1%), […]

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18 Sep

Home Sales Dipped Once Again Last Month In The Wake of Two Consecutive BoC Rate Hikes

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@DrSherryCooper https://dominionlending.ca/economic-insights/canadian-home-sales-dipped-in-august-following-boc-rate-hikes   Not surprisingly, buyers moved to the sidelines last month as the central bank took the overnight policy rate up to 5.0%. Home sales posted a 4.1% decline between July and August, well below the 10-year moving average shown in the chart below. However, on a year-over-year (y/y) basis, the number of transactions rose […]

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24 Aug

Inflation and Rate Hike

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Why Bank of Canada hike is not a done deal despite inflation ‘head fake’ Adapted From the Financial Post PostHaste article dated August 17, 2023 entitled ‘‘Why Bank of Canada hike is not a done deal despite inflation ‘head fake’’  – 2 minute read-   We were warned that the battle against inflation would get […]

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