Dr. Sherry Cooper joined Dominion Lending Centres and DLCG Mortgage Group President, Eddy Cocciollo, for In Conversation to discuss the latest updates from the Bank of Canada as of January 29, 2025
Bank of Canada Cuts Policy Rate By 25 BPs The Bank of Canada (BoC) reduced the overnight rate by 25 basis points this morning, bringing the policy rate down to 3.0%. The market had anticipated a nearly 98% chance of this 25 basis point reduction, and consensus aligned with this expectation. The Federal Reserve is also set to announce its […]
Positive News On The Inflation Front The Consumer Price Index (CPI) increased by 1.8% year-over-year in December, a slight decrease from the 1.9% rise in November. The main contributors to this slowdown were food purchased from restaurants and alcoholic beverages bought from stores. Excluding food, the CPI rose by 2.1% in December. On December 14, 2024, a temporary GST/HST exemption on certain […]
The Impact of Tariffs on Canadian Housing Markets Today is President Trump’s inauguration day in the US, and contrary to earlier threats, officials have announced that he will not impose new tariffs on his first day in office. Instead, Trump will issue a comprehensive trade memo directing federal agencies to evaluate trade relationships with China, Canada, and Mexico. The president […]