Mortgage Rates & Mortgage Broker News in Canada |
| What the latest inflation data means for the upcoming Bank of Canada rate decision Posted: 22 Jun 2022 08:45 PM PDT Inflation in Canada grew at a pace not seen since 1983, further increasing the likelihood of an “oversized” rate hike of 75 basis points at the Bank of Canada’s next meeting in July. The Consumer Price Index (CPI) accelerated to an annual rate of 7.7% in May. That’s a 1.4% increase from April, and more inflation than Canadians had to contend with in all of 2015, as economists from Desjardins noted. Core inflation, based on an average of three key […] |
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