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My Mortgage Blog — Latest Posts
May employment growth fuelled by part-time positions
The Canadian economy continued to see a net rise in new jobs created last month, however all of the gains consisted of part-time positions. Statistics Canada reported today that the...
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What does today’s Bank of Canada rate cut mean for borrowers?
What does today's Bank of Canada rate cut mean for borrowers? Today's decision by the Bank of Canada to lower its key lending rate by a quarter point to 4.75% is welcome news for...
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Economists: Q1 GDP Growth Slump Strengthens Case for June Rate Cut
The Bank of Canada now has more reason to pull the trigger on a rate cut when it meets next week following the release of Q1 GDP data. Data released by Statistics Canada on Friday showed...
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Inflation eased in April in line with expectations
Canada's headline inflation rate slowed in line with forecasts, easing to a pace of 2.7% in April, Statistics Canada reported. The reading was in line with the consensus forecast and down...
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