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Benchmark Qualifying Rate
 5.25%
Prime Rate
 3.70%
5-year Canada Bond Yield
 2.97%
Overnight Target Rate
 1.50%
30-day Bankers' Acceptances
 2.63%
5-year Fixed Mortgage
 5.17%
Variable Mortgage
  3.30%
5-year Fixed – Bond Yield
 2.20%
Variable – BA
 0.67%
Fixed-Variable Mortgage
 1.87%
Next BoC Meeting 13 Jul, 2022
% Chance Hike Next Meeting
200%
% Chance Hike in 9 months
 422%
Prime Rate (Year-end 2022)
 3.45%
Prime Rate (Year-end 2023)
 4.70%
5-year Yield (Year-end 2022)
 1.90%
5-year Yield (Year-end 2023)
  2.90%
5-year Fixed (Year-end 2022)
 3.4%
5-year Fixed (Year-end 2023)
 4.40%
Average Home Price (CREA)
$711,316
Average Price Gain (y/y)
  +3.40%
Home Sales Growth (y/y)
 -21.70%
Months of Inventory
 2.7
Inventory Growth (y/y)
 +32.75%
Full-time Job Gains (Last mo.)
135,000
Full-time Job Gains (6-mo. avg)
 50,483
Core CPI Canada (Last mo.)
  4.73%
Core CPI U.S. (Last mo.)
6.00%
Canada GDP (Latest qtr.)
3.10%

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2022-6-9

The economy "needs" higher rates, says BoC's Macklem

While the Bank of Canada is currently still forecasting a "soft landing" for the Canadian economy, it's going to take ...

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2022-5-30

Bank of Canada widely expected to deliver another 50-bps rate hike this week

Markets and economists fully expect the Bank of Canada to deliver its second half-point rate hike in as many months wh...

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2022-4-28

Bank of Canada Prepared to Raise Interest Rates "Forcefully"

Targeting high inflation is the Bank of Canada's top priority, and it's prepared to raise interest rates "forcefully" ...

Read More