Finevo Lending Group
@FinevoLending
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A progressive Canadian mortgage brokerage supporting the investment and insurance advisor channel across Canada.
Calgary | Toronto | Vancouver
Joined April 2009
"August Jobs Report Was Unexpectedly Weak" from @DLCCanadaInc Chief Economist @DrSherryCooper:
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Canadian CPI Inflation Surged to 7.7%. This assures the Bank of Canada will hike rates by 75 basis points on July 13. - https://t.co/bdCBdKohKm
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Inflation came in hot (again) at 6.8%—a new 31yr high that assures at least a 50 bps BoC hike on June 1. Some econs think this month's CPI could touch 7%, highest since 1983. If that's finally enough to push Canada's 5yr yield over 3%, next stop for 5yr fixed rates may be 5%.
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Canadian Inflation Beats Expectations. CPI Inflation rose to 6.8% setting the stage for another 50bps rate hike June 1. - https://t.co/lQpETz45WS
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Canadian Home Sales Slow As Mortgage Rates Rise @DLCCanadaInc Chief Economist @DrSherryCooper:
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Canadian Inflation Spikes to 6.7% in March. Odds rise of another 50-bp rise in BoC overnight rate on June 1. - https://t.co/ikrfIhNplV
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"Out-Sized Jump In Bank of Canada Policy Rate" from @DLCCanadaInc Chief Economist @DrSherryCooper:
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BREAKING: @bankofcanada boosts its key lending rate by 50 bps. Prime rate headed to 3.20% The market has projected this move for weeks but it's still a hit to consumers, translating into almost $500 more interest per year, per $100k of HELOC or variable-rate mortgage borrowing.
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"Housing A Major Theme Today’s Federal Budget" from @DLCCanadaInc Chief Economist @DrSherryCooper:
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'Worst thing' for BoC is a delay on hikes: David Dodge - BNN Bloomberg
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Canadian CPI Inflation Rises to 5.7%. Broad-based price gains assure the Bank of Canada will hike interest rates again in April and beyond. - https://t.co/Bqf3ik2KUI
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"Canadian Home Sales Rose in February as New Listings Increased Sharply" from @DLCCanadaInc Chief Economist @DrSherryCooper:
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Bank of Canada Hikes Policy Rate by 25 bps, and Sustains Current Bond Holdings. Signals more rate hikes coming and highlights the uncertainties surrounding the unprovoked Russian invasion of Ukraine. - https://t.co/gQvims9e69
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JUST IN: The @bankofcanada raised its key lending rate 0.25%-points—as the market anticipated. It's the first of 125+ bps of rate hikes this year, according to market expectations. Canada's benchmark prime rate should jump from 2.45% to 2.70% in short order. More to follow...
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BoC increases policy interest rate by 0.25%
bankofcanada.ca
The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %.
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Whitby bungalow sells for $425,100 over asking after seven buyers submit bids /via @globeandmail
theglobeandmail.com
Several offers were expected after list price for three-bedroom home sat under $800,000
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It's "possible that for a time we will have to raise the interest rate above the neutral rate to bring inflation back to target. On the other hand, if there is a new headwind emerging in the Canadian economy, maybe we don’t get all the way back to the neutral rate.”—BoC's Macklem
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"Canadian Inflation Rose Again in January to 5.1% y/y, Pressuring The Bank of Canada to Hike Rates in March" from @DLCCanadaInc Chief Economist @DrSherryCooper:
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Canadian housing markets tighten, pushing price higher. Home sales edge up 1% in January as new listings plunged 11%, triggering a record 2.9% m/m rise in prices. - https://t.co/XATcFD7T8F
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