The Bank says its current policy rate is “about the right level” to guide inflation back to 2% while supporting Canada’s economic transition.
#LetsStayInTouch 🇨🇦📉🏦
OECD report: Canada’s record-high immigration is worsening housing affordability & productivity, masking a per capita recession. GDP growth propped up by newcomers, but individual wealth & purchasing power are declining. #CanadaEconomy#Immigration https://t.co/ZlHOdDKCJj
AI x Palantir x Fannie Mae = A new era in mortgage fraud detection. Could this tech boost security and make renewals harder for some? And what does it mean for 🇨🇦? Let’s break it down. @ronmortgageguy@SteveSaretsky@danielfoch
https://t.co/WGg8EWKZdD
🇨🇦 Canada needs Palantir’s AI to combat mortgage fraud! 🚨 Palantir’s tech, partnered with Fannie Mae, catches fraud in seconds vs. months for humans. With shares up 140%+ post-Trump win, it’s time to leverage this to protect our housing market. 🏠 #AI#MortgageFraud#Canada
Canada’s inflation jumps to 2.6% in Feb, complicating BoC’s next move. Economists now bet on a rate hold at 2.75% for April 16 as trade tensions and price pressures mount #boc
With new US-Canada tariffs, lending criteria for self-employed in high-risk industries revised. Steel & aluminum added to Limited Appetite list. TDS drops to 42%, GDS max 39%, min credit score 750. #mortgages@danielfoch@SteveSaretsky
Considering consolidating debt into a mortgage? 🏠💸 Tax deductibility and home equity use are key factors to weigh. Consult experts before deciding. 📊💡 #FinancialAdvice#DebtConsolidation#HomeOwnership
New survey: 57% of Canadians renewing their mortgages in 2025 expect higher monthly payments. Among those, 81% say the hike will strain their finances—with 34% calling the pressure "significant." #Canada#Mortgage#Housing
CMHC: Housing starts in Canada's 6 largest cities fell 3% in 2024 due to declines in Van, TO & Ottawa, but rose in Calgary, Edm & MTL. Chief economist warns more supply is needed: "Canada must build 3.5M more units by 2030 to restore affordability. #HousingCrisis#CanadaHousing
The BoC may end its quantitative tightening program in Q2, per CIBC Capital Markets. Deputy Governor Toni Gravelle is set to discuss the BOC's balance sheet Thursday. QT has been unwinding pandemic-era asset purchases. Big shift ahead? #Economy#Canada#BankofCanada
CAD added a stunning 91,000 jobs in December, marking one of the largest monthly gains in 2 years! FT positions led the surge, with education, transport, and warehousing topping the list. Public sector up 40K jobs, private sector +27K. Jobless rate dipped to 6.7%! #CanadaJobs
Former Bank of Canada governor Stephen Poloz says Canada is in a recession, masked by strong population growth. GDP per capita has declined for six straight quarters, and consumers face a 30% cost of living surge. 'This isn’t just technical,' Poloz warns