BOC chief moves to Bank of England
Bank of Canada Governor Mark Carney, credited for steering the country’s monetary policy through the recession, is leaving his post to head the Bank of England.
BoC eases broker concerns
Brokers may be more scared by new consumer debt numbers than the Bank of Canada, with Mark Carney suggesting the slowing real estate market cancels any immediate need for a rate hike.
Rate hike on top of rule changes?
The move to again switch up mortgage rules has helped the central bank out of a tough spot, say analysts, although Mark Carney isn't ruling out a rate hike if necessary.
Broker: there's an upside to employment downside
If there’s going to be a silver lining in slower-than-expected job growth, says one leading Toronto broker, it’ll be slower-than-expected rate hikes at the Bank of Canada.
More fuel thrown on the housing bubble fire
Despite evidence to the contrary, one international economic body says Canada must raise interest rates sooner rather than later to avoid a housing bubble collapse.
Inflation rate drop likely to ease pressure on rate hikes
After a well-worded warning that the Bank of Canada may be forced to raise interest rates earlier than expected, Mark Carney may have to wait, as Canada’s annual inflation rate for March dropped below the bank’s target.
Brokers: Rate drops ignite client preference for fixed
Brokers are finally seeing a change in consumer appetite for risk after the second chop to fixed rates in two weeks.
Brokers react to election call
An “election reprieve” from interest rate hikes may not translate into the busy spring season brokers were hoping for, with industry leaders identifying a possible downside to the federal campaign.
Brokers differ on whether to advise fixed or variable rates for clients
Brokers looking for definitive advice on steering clients toward fixed, variable or combination mortgages are out of luck, with industry opinion divided ahead of expected rate hikes.
2011: The Road Ahead
Consumer awareness and confidence in brokers, broker-lender relationships and the threat from government of more mortgage rules are some of the issues John Tenpenny heard about when talking with prominent industry members