CatalystMacro
WILL THE BOC HIKE NEXT WEEK ? NAIL - BITER DECISION AWAITS VARIABLE MORTGAGE RATE HOLDERS
Bank of Canada rate decision next week directly impacts variable mortgage rate holders.
Context
What happened: Markets widely expect the Bank of Canada to raise its key interest rate at next Wednesday's decision, and variable mortgage rates would likely follow.
Why it matters: Variable-rate holders would feel a hike, as lenders typically adjust floating rates with the benchmark. Some economists caution against a hike, with David-Alexandre Brassard of CPA Canada citing roughly 110,000 jobs lost this fall, slowing wage growth, weak housing and tariff-related inflation that has yet to materialize.
Coverage: 3 outlets in 24h
What changed
Markets widely expect the Bank of Canada to raise its key interest rate at next Wednesday's decision, and variable mortgage rates would likely follow.
Why it matters
Variable-rate holders would feel a hike, as lenders typically adjust floating rates with the benchmark. Some economists caution against a hike, with David-Alexandre Brassard of CPA Canada citing roughly 110,000 jobs lost this fall, slowing wage growth, weak housing and tariff-related inflation that has yet to materialize.