HOME
Benchmark Qualifying Rate
 5.25%
Prime Rate
 4.70%
5-year Canada Bond Yield
 2.89%
Overnight Target Rate
 2.50%
30-day Bankers' Acceptances
 3.28%
5-year Fixed Mortgage
 5.32%
Variable Mortgage
  4.39%
5-year Fixed – Bond Yield
 2.43%
Variable – BA
 1.11%
Fixed-Variable Mortgage
 0.93%
Next BoC Meeting 07 Sep, 2022
% Chance Hike Next Meeting
200%
% Chance Hike in 9 months
 422%
Prime Rate (Year-end 2022)
 3.45%
Prime Rate (Year-end 2023)
 5.33%
5-year Yield (Year-end 2022)
 1.90%
5-year Yield (Year-end 2023)
  3.35%
5-year Fixed (Year-end 2022)
 3.4%
5-year Fixed (Year-end 2023)
 3.35%
Average Home Price (CREA)
$629,971
Average Price Gain (y/y)
  -5.00%
Home Sales Growth (y/y)
 -23.90%
Months of Inventory
 3.4
Inventory Growth (y/y)
 +45.86%
Full-time Job Gains (Last mo.)
-13,100
Full-time Job Gains (6-mo. avg)
 38,483
Core CPI Canada (Last mo.)
  5.30%
Core CPI U.S. (Last mo.)
5.90%
Canada GDP (Latest qtr.)
3.10%

...

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...

Read More

...

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 ...

Read More

...

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...

Read More