Hot Core Inflation Likely Keeps Bank of Canada on Sidelines Ahead of July Decision
Core Inflation Remains ‘Too Warm’ Canada’s headline inflation has cooled to a stable 1.7%, but the core inflation measures—CPI-trim and CPI-median—remain firmly at 3.0%, the upper boundary of the Bank of Canada’s target range . That persistence of underlying inflation…
Mortgage Rate Forecast: Predicts Two Rate Cuts This Year
Forecasts Two BoC Rate Cuts in 2025 Canada-based mortgage lender Nesto predicts the Bank of Canada’s policy rate will fall from 2.75% to 2.25% in 2025—a shift triggered by persistent global uncertainty, U.S. Fed cuts, and sluggish domestic growth. That…
60% of Mortgages Set to Renew in 2025‑26 — Financial Stability at Risk?
A Wave of Renewals on the Horizon The Bank of Canada (BoC) and OSFI are sounding alarms as approximately 60% of Canada’s outstanding mortgages—about $1.32 trillion—are due for renewal by end of 2026. These renewals stem largely from mortgages initiated during…
Canadian Dollar Firm as CPI Stabilizes – Rate Cut Odds Diminish
A Calm in the Currency Storm The Canadian dollar posted modest gains this week after new data revealed that Canada’s annual inflation rate held steady at 1.7% in May, easing fears of runaway price growth but also reducing expectations for…
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