Bank of Canada Holding Interest Rate at 1.75% Cutting Growth Forecast as Expected

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
  • #20556
    Helmholtz Watson

    The Bank of Canada held its key lending…



    Canada sells $1.4 billion 30-year bonds at 2.002%

    This gives a 95 basis point spread between US and Canadian 30 yr

    Helmholtz Watson

    BOC Financial System Review Q&A with Poloz & Wilkins :

    The latest numbers have been excellent and (barring trade war risks) there is a real chance that growth is better than BOC
    Still expect growth to pick up later this year
    Long-term rate risks ‘moderate but increasing’
    We should see increasing evidence of growth returning to trend in H2
    Escalation of US-China trade war remains primary risk
    Risks on financial system ‘enter into the discussion’ on what to do with rates

    Canadian housing is benefiting from solid fundamentals
    Closely watching mortgage guidelines that may be shifting lending to private lenders and credit unions
    Household borrowing is likely to pick up again
    Toronto-area housing appears to be stabilizing
    Risk of severe housing deceleration is falling

Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.