Economic Indicators

BMO extends mortgage rate guarantee period for homebuyers

BMO will be increasing the rate guarantee period for mortgages from 90 days to 130 days.

By Staff |March 6, 2018

1 min read

Toronto area home sales down 35%, Montreal up 5%

Canada's largest real estate board says home sales in the Greater Toronto Area fell nearly 35% year-over-year in February, as selling prices dropped.

By Staff, with files from The Canadian Press |March 6, 2018

2 min read

How a U.S. trade war could affect markets

With markets attuned to inflation risk and with equity volatility rearing its head, President Trump’s tough talk on trade tariffs isn’t good news. The president has threatened tariffs on aluminum (10%) and steel (25%) imports, with the effect likely being sharply higher domestic metals prices. Douglas Porter, BMO chief economist, estimates in a weekly financial […]

By Staff, with files from The Canadian Press |March 5, 2018

3 min read

Why the BoC will hold rates this week

The Bank of Canada is widely expected to hold overnight rates steady at 1.25% at its next decision Wednesday, industry experts say. In a weekly economics report, Derek Holt, vice-president and head of capital markets economics at Scotiabank, says trade policy uncertainty between Canada and the U.S. is among “compelling reasons” to pause the hike […]

By Staff |March 5, 2018

3 min read