gave the mortgage rate market hope this week. Despite robust U.S. economic numbers, it’s “unlikely that the next policy rate move will be a hike,” he told reporters Wednesday.
As we end the week, keep the peepers on yields after Friday’s marquee U.S. employment report. Bond markets could take rates higher if it’s too strong, and vice versa.
OTTAWA -The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday. In testimony to the Senate banking committee, Macklem said inflation was coming down and Canadians wanted to know when the central bank would start cutting interest rates. Canada's annual inflation rate was 2.9% in March, a little higher than the previous month.The Canadian dollar strengthened against its U.S.
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