Mark Carney holds rates steady, for now – The Globe and Mail
Filed Under Main Content · Tagged: Curve, Economists, Globe And Mail, Globe Mail, Hiking, Inflation Rates, Mark Carney
In explaining the decision to leave borrowing costs alone for the sixth consecutive meeting, as expected, the central bank threw a bone to the minority of economists who have argued for months that he should be hiking rates already to avoid falling behind the curve on inflation.
Mark Carney holds rates steady, for now – The Globe and Mail
Housing and jobs may still prompt Bank of Canada rate hike
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Bank Of Canada Governor, Canada Post, Canadian Economy, Chief Economist, Desk, Divergence, Employment Data, Inflation Target, Jobs Bank, Jobs Canada, Mark Carney, Momentum, National Bank Financial, Overnight Rate, Policy Stance, Rate Hike, Slowdown, Strategist
Financial Post- The threat of a renewed slowdown in the United States and slowing momentum for the Canadian economy has the Bank of Canada nervous about its next move. But despite heightened expectations that the central bank will pause at its next meeting, potential housing regulation and the next round of employment data may influence the decision.
After two recent increases to its overnight rate, Bank of Canada governor Mark Carney on Thursday reiterated that “financial conditions remain exceptionally simulative.” He also warned that while Canada’s situation and the inflation target dictate a different policy stance than in the United States, “there is a limit to this divergence.”
Stéfane Marion, chief economist and strategist at National Bank Financial strongly agrees, but wonders what the actual of divergence is…
Housing and jobs may still prompt Bank of Canada rate hike | Trading Desk | Financial Post
Carney says banks could cut costs to pay for new rules
Filed Under Main Content · Tagged: Academics, Bank Of Canada, Bank Of Canada Governor, Banks, Berlin, Business Leaders, Consumers, Estimates, Financial Budget, Financial Institutions, Global Rules, Interest Rates, Lenders, Mark Carney
Financial Post- Budget tightening at financial institutions and increased competition among lenders could offset higher borrowing costs linked with the introduction of new global rules on bank capital levels, Bank of Canada governor Mark Carney said Tuesday.
Speaking to business leaders and academics in Berlin, Mr. Carney said early estimates on potential higher interest rates consumers face in light of the new rules — agreed to over the past weekend by the so-called Basel Group of banking supervisors — understates the benefits and errs on overstating costs…
Carney says banks could cut costs to pay for new rules
No increase in mortgage costs seen for Sept.
Filed Under Main Content · Tagged: Bank Of Canada, Bank Of Canada Governor, Bank Of Montreal, Barrage, Canadian Economy, Economists, Fixed Rate Loans, Gross Domestic Product, Interest Rate, Likelihood, Mark Carney, Mortgage Costs, Mortgage Experts, Mortgage Rate Comparison, Online Mortgage, Product Numbers, Rate Mortgages, Second Quarter, Slowdown, Toronto Sun
Toronto Sun- Homeowners aren’t likely to face higher mortgage costs for at least the next month and some banks may even follow the Bank of Montreal in cutting new fixed-rate loans to compete for a dwindling number of buyers, specialists said.
According to a panel of mortgage experts polled by online mortgage rate comparison site RateSupermarket.ca, both fixed-rate and floating rate mortgages will remain unchanged for the next 30 to 45 days.
The sharper-than-expected slowdown in the Canadian economy, which grew at 2% in the second quarter, coupled with a barrage of negative data from the U.S., has increased the likelihood that Bank of Canada governor Mark Carney will pause in his interest rate tightening cycle in September.
Before Tuesday’s gross domestic product numbers, most economists had expected one more increase before rates went on hold…
No increase in mortgage costs seen for Sept. | Money | Toronto Sun
