Bank of Canada Holds Rates Steady Acknowledging Economic Slowdown

General Leslie Blais 7 Sep

With last Friday’s publication of the anemic second-quarter GDP data, it was obvious that the Bank of Canada would refrain from raising rates at today’s meeting. Economic activity declined by 0.2% in Q2; the first quarter growth estimate decreased from 3.1% to 2.6%. Today’s press release announced, “The Canadian economy has entered a period of […]

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Rate Hikes Off The Table With Weak Q2 GDP Growth In Canada.

General Leslie Blais 5 Sep

Rate hikes are definitely off the table The Canadian economy weakened surprisingly more in the second quarter than the market and the Bank of Canada expected. Real GDP edged downward by a 0.2% annual rate in Q2. The consensus was looking for a 1.2% rise. The modest decline followed a downwardly revised 2.6% growth pace […]

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May Inflation Numbers Were Good, But Will They Satisfy the Bank of Canada?.

Latest News Leslie Blais 28 Jun

will the may inflation decline thwart another rate hike in july? The May inflation data, released this morning by Statistics Canada, bore no surprises. The year-over-year (y/y) inflation measured by the Consumer Price Index (CPI) at 3.4% was just as expected–down a full percentage point from the April reading. This is the smallest increase since June 2021. Economists […]

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In an Aggressive Move, the BoC Hikes the Policy Rate by 25 BPs.

General Leslie Blais 8 Jun

holy smokes, the bank of canada means business If there were any doubt that the Bank of Canada wanted inflation to fall to 2%, it would be obliterated today. In a relatively surprising move, the Bank hiked the overnight policy rate by 25 bps to 4.75%, and an equivalent hike will follow in the prime […]

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Canadian Inflation Rose More Than Expected in April, But Core Inflation Slowed

General Leslie Blais 27 May

There’s been an unexpected hiccup in the Bank of Canada’s ongoing battle against inflation. Year-over-year, price pressures escalated to 4.4% in April, an uptick from the previous month’s 4.3% and significantly exceeding the average economist’s prediction of 4.1%. This marks the first rise in overall inflation from the last June. Ironically, higher interest rates are intended to tackle inflation, […]

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Housing Market Could Be Poised For A Spring Rebound

General Leslie Blais 24 Mar

The Canadian Real Estate Association says home sales in February bounced 2.3% from the previous month. Homeowners and buyers were comforted by the guidance from the Bank of Canada that it would likely pause rate hikes for the first time in a year. The Canadian aggregate benchmark home price dropped 1.1% in February, the smallest month-to-month […]

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Mortgages and Corporations

Mortgage Tips Leslie Blais 21 Feb

If you are a self-employed client who owns your own business, you may have chosen to set that business up as a corporation. This means the business operates as essentially its own person. They have income through business revenue and expenses from marketing costs, materials, office space, etc. When it comes to getting a mortgage, […]

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