Tag: economy
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Canada’s Big Banks Weigh In: Will the Bank of Canada Cut Interest Rates on April 16?
With the Bank of Canada’s (BoC) next interest rate announcement scheduled for April 16, 2025, uncertainty is running high. Economists remain divided on whether the BoC will hold or cut the policy rate for the eighth time since June 2024, as global trade tensions and domestic economic signals collide. As of the last cut on…
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Top 5 Canadian Cities Where Home Prices Are Still Climbing in 2025
Despite economic uncertainty, rate cut speculation, and a shaky job market, home prices are still on the rise in select Canadian cities. If you’re wondering where the real estate market remains red-hot in 2025, we’ve got the answer. These cities are defying the national cooling trend and showing strong price appreciation, making them top spots…
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Will the Bank of Canada Cut Rates? Job Losses and Tariff Tensions Make It a 50/50 Call
Canada’s job numbers just slipped-and the Bank of Canada might be gearing up to react. In March, the country lost 33,000 jobs, marking the first employment decline in over three years. Economists are now giving even odds (50%) that the BoC will respond with an interest rate cut on April 16. This sudden shift is…
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How a U.S. Trade War Could Impact Canada’s Housing Market
A potential trade war with the U.S. could significantly impact Canada’s housing market by driving up construction and renovation costs. Experts warn that new tariffs could raise the price of homebuilding materials, making homes less affordable and reducing new housing supply. How Tariffs Could Affect Home Prices The U.S. and Canada are major trading partners,…
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Experts predict a 0.25% rate cut from the Bank of Canada on Jan 29 2025
As the new year begins, Canadians are eagerly anticipating the Bank of Canada’s (BoC) first interest rate announcement of 2025. Scheduled for January 29, this update is expected to reveal key insights into the central bank’s strategy to address ongoing economic challenges. Experts are already weighing in on what to expect. Reflecting on the Final…
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27,000 Ontarians packed their bags and moved to Alberta in 2024, setting a new record.
In 2024, Ontario witnessed an unprecedented wave of migration as over 27,000 residents packed their bags and headed west to Alberta. This record-breaking relocation trend has been fueled by the allure of Alberta’s lower cost of living, booming economy, and affordable housing market, leaving many to wonder why so many Ontarians are making the move.…
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Bank of Canada Cuts Interest Rates By 50bps to 3.25%: What It Means for Canada’s Housing Market
On December 11, 2024, the Bank of Canada made its second consecutive half-point rate cut, lowering the policy interest rate from 3.75% to 3.25%. This marks the fifth consecutive rate cut since June and signals a shift towards a more gradual approach to monetary easing. In a statement, Governor Tiff Macklem emphasized that while inflation…
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Why Economists Are Changing Their Predictions: 50 Bps Rate Cut Likely from Bank of Canada Tomorrow
As the Bank of Canada prepares to announce its interest rate decision tomorrow, December 11, 2024, economists across the country are adjusting their predictions. Initially uncertain, many are now leaning towards a 50-basis-point (bps) rate cut, with top institutions like Scotiabank and the Bank of Montreal (BMO) joining the growing consensus. This decision could have…
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Canada’s Inflation Rate Rises to 2% in October, Lowering Likelihood for Large Rate Cuts
Canada’s inflation rate unexpectedly climbed back to 2.0% in October 2024, driven by a smaller decline in gasoline prices and rising grocery costs. This marks the first increase in the annual inflation rate since May, aligning with the Bank of Canada’s forecasts and curbing market expectations for a significant rate cut next month. The news…
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What the Latest U.S. Federal Reserve Rate Cut Could Mean for Canadians
With the U.S. Federal Reserve cutting interest rates once again, Canadians may feel some ripple effects across various aspects of the economy. As the Fed’s policies impact the U.S. economy, Canada often experiences a spillover effect due to the close economic ties between the two countries. Here’s how this rate cut might influence Canadians in…
Canada Housing Market 