Look to bond yields after next week’s Bank of Canada announcement. They’re like a GPS for fixed-rate mortgages --[Reported by Umva mag]

Robert McLister: Every borrower wants to know where the central bank will take rates next, and the bond market could give us those clues

Oct 18, 2024 - 10:14
Look to bond yields after next week’s Bank of Canada announcement. They’re like a GPS for fixed-rate mortgages --[Reported by Umva mag]
With Canada’s official inflation measure now well below the two per cent target, two-thirds of economists think the Bank of Canada will slash its rate by 50 basis points on Wednesday. (A basis point is one-hundredth of a percentage point.) Read More




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