Finevo Lending Group

A progressive Canadian mortgage brokerage supporting the investment and insurance advisor channel across Canada.

[Finevo Lending Group @FinevoLending]

https://t.co/TDxampHKKQ

[Finevo Lending Group @FinevoLending]

"August Jobs Report Was Unexpectedly Weak" from @DLCCanadaInc Chief Economist @DrSherryCooper: https://t.co/92Xc9PXp3U

[Sherry Cooper @DrSherryCooper]

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

[Rob McLister @RobMcLister]

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%.

[Sherry Cooper @DrSherryCooper]

Canadian Inflation Beats Expectations. CPI Inflation rose to 6.8% setting the stage for another 50bps rate hike June 1. - https://t.co/lQpETz45WS

[Finevo Lending Group @FinevoLending]

Canadian Home Sales Slow As Mortgage Rates Rise @DLCCanadaInc Chief Economist @DrSherryCooper: https://t.co/qO5ge8jT1S

[Sherry Cooper @DrSherryCooper]

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

[Finevo Lending Group @FinevoLending]

"Out-Sized Jump In Bank of Canada Policy Rate" from @DLCCanadaInc Chief Economist @DrSherryCooper: https://t.co/ZfmAEoGaot

[Rob McLister @RobMcLister]

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.

[Finevo Lending Group @FinevoLending]

"Housing A Major Theme Today’s Federal Budget" from @DLCCanadaInc Chief Economist @DrSherryCooper: https://t.co/zjchJ4G7dC

[Finevo Lending Group @FinevoLending]

'Worst thing' for BoC is a delay on hikes: David Dodge - BNN Bloomberg https://t.co/6QWL1rxMzL

[Sherry Cooper @DrSherryCooper]

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

[Finevo Lending Group @FinevoLending]

"Canadian Home Sales Rose in February as New Listings Increased Sharply" from @DLCCanadaInc Chief Economist @DrSherryCooper: https://t.co/izguLM7b8L

[Sherry Cooper @DrSherryCooper]

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

[Rob McLister @RobMcLister]

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...

[Finevo Lending Group @FinevoLending]

BoC increases policy interest rate by 0.25% https://t.co/Na6uYQ5CXA

[Finevo Lending Group @FinevoLending]

@SteveSaretsky @RobMcLister @bankofcanada The BoC has been incredibly transparent during this pandemic. The question is how much will this increase be on the 2nd...25 or 50bps?

[Finevo Lending Group @FinevoLending]

Whitby bungalow sells for $425,100 over asking after seven buyers submit bids /via @globeandmail https://t.co/5vjop7otaS

[Rob McLister @RobMcLister]

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

[Finevo Lending Group @FinevoLending]

"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: https://t.co/0Z7yQAEC9f