Category Archives: Blog

BOC Hints at Rate Decrease

Last week’s Bank of Canada (BOC) rate announcement was a stunning departure from the Bank’s long held position that rates had nowhere to go but up.  Since Stephen Poloz took over as BOC Governor he’s been steadily moving away from his predecessor’s position that a rate hike was imminent, but this recent announcement took many by surprise. Official Bank of Canada announcements are carefully drafted with subtle wording to prepare … Read More

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CMHC Confirms Housing Market Strength

Canada Mortgage and Housing Corporation (CMHC) dropped their provisions for claims by $19 million dollars during the third quarter citing lower expectations for bad loans.  Loan loss provisions which now stand at $895 million are sufficient to withstand a catastrophic market downturn. According to Brian Naish, CMHC’s CFO, “We have seen improvement in the economic indicators that underlie all of that, so for example, unemployment has improved and home price … Read More

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