Derek Malcolm, Home Financing Advisor

03/07/2024

As expected, no change to interest rates yesterday from the Bank of Canada. With the economy still remaining fairly resilient many are beginning to wonder if cuts won't start until later this year, and if there could be fewer cuts in 2024 than most hoped a few months ago.

www.cbc.ca

01/25/2024

As expected today, no change to prime rate. Sounds like the main debate now is how far away are rate cuts and how aggressive will they be?

www.cbc.ca

12/24/2023

Merry Christmas and Happy New Year to all! Enjoy time with family and friends this holidays!

12/22/2023

bnnbloomberg.ca

12/21/2023

"We are proud to have been recognized for the fifth year in a row as Canada's Bank of the Year," said Scott Thomson, President and Chief Executive Officer at Scotiabank

www.scotiabank.com

12/20/2023

While this is the US Fed, not the Bank of Canada, it's still a very positive sign for potential interest rate decreases in 2024 in Canada as many believe Canada has to follow the US Fed to some degree to protect our currency exchange rate and economy.

www.cnbc.com

12/08/2023

Another Interest Rate hold from the BoC! Bond yields have been falling which is a good sign for fixed mortgage rates coming down.

www.cp24.com

11/30/2023

Potential good news that BoC Governor Tiff Macklem may feel rates are high enough to tame inflation

www.cbc.ca

10/31/2023

Yesterday the Bank of Canada held prime rate where it was again, which is good news for rates moving forward. Decembers meeting will be a key indicator of whether we're done with rate hikes or whether there may still be more to come. Look for rates to begin dropping sometime in 2024 likely.

www.cbc.ca

09/06/2023

Good news on the interest rate front, although still seems we're a ways away from future cuts.

www.cbc.ca

08/15/2023

Unfortunate news for those hoping for lower rates soon. Bond yields rose on the news, so fixed rates increasing is more likely than decreasing in the short term.

www.cbc.ca

08/10/2023

Markets are reacting positively to this news, which signals a potential pausing of rate increases for the US Fed in September. This would also lessen pressure on the Bank of Canada to raise rates further, so hopefully this is good news for the near future!

www.bnnbloomberg.ca