Mortgage Rates & Mortgage Broker News in Canada |
| Could Mortgage Rates Start to Rise Sooner than Expected? Posted: 02 Feb 2021 01:18 PM PST While Canada’s economy recorded its largest-ever annual drop of 5.1% last year, it’s also on track to post a comeback in Q4, which could force the Bank of Canada’s hand in reining inflation in sooner than anticipated. “That carries potentially strong policy implications for the Bank of Canada that is increasingly looking as if it over-committed itself to keeping rates on hold until 2023,” wrote Scotiabank economist Derek Holt in a recent research note. While GDP data isn’t out for […]  |
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