November 8, 20240 Comments

Bank of Canada warns against tinkering with mortgage market

Article content Bank of Canada deputy governor Carolyn Rogers is cautioning policymakers against “tinkering” with the mortgage market in an effort to improve housing affordability, warning that over-reliance on such measures could have long-term negative impacts. Recently, the federal government introduced new mortgage rules, including expanding 30-year amortizations to all first-time homebuyers and to all buyers of new builds, effective next month. It also raised the $1-million price cap for

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November 7, 20240 Comments

Bank of Canada keeps cutting rates but bonds still attractive

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the

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November 7, 20240 Comments

UK interest rates cut to 4.75% but Bank hints fewer falls to come

Getty Images UK interest rates could take longer to fall further after the Bank of England forecast that inflation will creep higher after last week’s Budget. The Bank cut interest rates to 4.75% from 5% in a move that had been widely expected. But it indicated that while the extra spending outlined in the Budget would initially boost growth, measures such as raising the cap on bus fares and VAT

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November 7, 20240 Comments

Bank of Canada may have to cut rates deeper than global peers

Breadcrumb Trail Links News Interest rates may hit bottom at 2%, says analysis Published Nov 07, 2024  •  5 minute read You can save this article by registering for free here. Or sign-in if you have an account. Donald Trump’s policies could put pressure on the Canadian dollar. Photo by Paul Chiasson/ The Canadian Press Article content It’s been quite the week — Donald Trump’s victory in the United States

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