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My Mortgage Blog — Latest Posts
David Clarke || July 05, 2024
Jobless rate rises to 6.4% in June, raising questions about the BoC's next rate
Canada's labour market fell short of expectations in June, leading to an increase in the unemployment rate to 6.4%. Despite this weak report, most economists believe the Bank of Canada will not...
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David Clarke || June 07, 2024
May employment growth fuelled by part-time positions
The Canadian economy continued to see a net rise in new jobs created last month, however all of the gains consisted of part-time positions. Statistics Canada reported today that the...
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David Clarke || June 05, 2024
What does today’s Bank of Canada rate cut mean for borrowers?
What does today's Bank of Canada rate cut mean for borrowers? Today's decision by the Bank of Canada to lower its key lending rate by a quarter point to 4.75% is welcome news for...
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David Clarke || May 31, 2024
Economists: Q1 GDP Growth Slump Strengthens Case for June Rate Cut
The Bank of Canada now has more reason to pull the trigger on a rate cut when it meets next week following the release of Q1 GDP data. Data released by Statistics Canada on Friday showed...
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