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Will the central bank start raising rates sooner than expected?

According to traders, the central bank will have to start raising its key lending rate sooner than expected. This will be a serious challenge for the Governor Tiff Macklem. The swaps market is leaning towards a forecast of an earlier rate increase in 2022,...
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Canadian consumers plan to spend more during this holiday season, than a year ago

The recent poll by Retail Council of Canada survey shows that Canadians plan to spend more during this holiday season than a year ago, as they are ready to return to stores a year after the COVID-19 pandemic forced many to switch to online...
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In case RBC CEO is right about our spending plans, interest rates may start growing sooner

Next time you’ll be asked about your plans on spending pandemic savings, think twice, as the future of interest rates in Canada may depend on your answer. David McKay, chief executive of RBC, Canada’s largest lender and second-biggest company by market capitalization after Shopify...
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Canada’s real estate market shows its first sales growth in six months

According to the Canadian Real Estate Association (CREA), an average housing prices showed an annual increase by 14%, strengthening worries over the country’s most expensive markets. CREA says the average price of a property sold over MLS system reached $686,650, marking almost a 14%...
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Fixed rates are going up, following bond yields. Interest rate forecast from BCREA

More and more banks, including RBC, BMO and National Bank of Canada, have been increasing their fixed interest rates during the previous week, following bond yields growth. BMO raised its insured 5-year fixed rate by 0.20% to 2.19%. The uninsured 5-year fixed went up...
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