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Benchmark Qualifying Rate
 5.25%
Prime Rate
 5.45%
5-year Canada Bond Yield
 3.31%
Overnight Target Rate
 3.25%
30-day Bankers' Acceptances
 3.80%
5-year Fixed Mortgage
 5.37%
Variable Mortgage
  4.94%
5-year Fixed – Bond Yield
 2.06%
Variable – BA
 1.14%
Fixed-Variable Mortgage
 0.43%
Next BoC Meeting 26 Oct, 2022
% Chance Hike Next Meeting
100%
% Chance Hike in 9 months
 0%
Prime Rate (Year-end 2022)
 3.45%
Prime Rate (Year-end 2023)
 5.95%
5-year Yield (Year-end 2022)
 1.90%
5-year Yield (Year-end 2023)
  3.30%
5-year Fixed (Year-end 2022)
 3.4%
5-year Fixed (Year-end 2023)
 4.80%
Average Home Price (CREA)
$637,673
Average Price Gain (y/y)
  -3.90%
Home Sales Growth (y/y)
 -24.70%
Months of Inventory
 3.5
Inventory Growth (y/y)
 +45.65%
Full-time Job Gains (Last mo.)
-77,000
Full-time Job Gains (6-mo. avg)
 50,133
Core CPI Canada (Last mo.)
  5.20%
Core CPI U.S. (Last mo.)
6.30%
Canada GDP (Latest qtr.)
3.30%

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2022-8-31

The Bank of Canada's September rate hike will be its last: CIBC

If CIBC economists are correct, the Bank of Canada's expected rate hike next week will be its last of this rate-hike c...

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2022-7-13

Reaction to the Bank of Canada's 100-bps shocker

Having been behind the inflation curve for many months, the Bank of Canada today tried to get ahead of it by deliverin...

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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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