Simon Wong

[Simon Wong @simonwongmp]

Bank of Canada holds key interest rate unchanged for first time in a year.

#bankofcanada #inflation #interestrates #monetarypolicy #financeandeconomy #economicoutlook #mortgagerates #housingaffordability #rentalmarket https://t.co/SajOo46L4P

[Simon Wong @simonwongmp]

Bank of Canada raises key interest rate 0.25%. Signals end of hikes for now.

#bankofcanada #monetarypolicy #interestrates #inflation #economicoutlook #mortgagerates #financeandeconomy https://t.co/z2uIYjb5lK

[Simon Wong @simonwongmp]

Royal Bank of Canada (RBC) bets on immigration in $13.5 billion HSBC Canada purchase deal. RBC seeks to shore up its domestic competition and tap into affluent international clientele. HSBC has 130 branches and 4,200 full-time equi…https://t.co/Fkv23ipKKN https://t.co/I0bSVrlmeW

[Simon Wong @simonwongmp]

Canada's annual inflation rate slowed to 7.0 per cent in August largely driven by the price of gasoline falling, but the cost of groceries continues to climb.

#inflation #cost #gasoline #groceries #economicoutlook #interestrates #bankofcanada #recession https://t.co/mAsdExfxRE

[Simon Wong @simonwongmp]

Bank of Canada hikes benchmark interest rate again by another 0.75%. The hike brings the key interest rate to 3.25%, the highest level since April 2008 Great Recession. Canada now has the highest policy interest rate among G7 count…https://t.co/6r0EOXQraA https://t.co/mjWbWxojmI

[Simon Wong @simonwongmp]

Slowing inflation not enough to prevent September interest rate hike. Inflation in Canada finally appears to have peaked, but it nonetheless remains too high to dissuade the Bank of Canada from raising interest rates in September,…https://t.co/SHpeMijO0a https://t.co/9DrnRK9dY1

[Simon Wong @simonwongmp]

What economists are saying about Bank of Canada's steep rate increase. Canadians now face heightened economic anxiety because rates are going up by leaps and bounds.

#bankofcanada #interestrates #mortgagerates #inflation #monetary…https://t.co/yLcTBeb75f https://t.co/1jAL3yYXk5

[Simon Wong @simonwongmp]

RBC and CIBC part of banking group to help finance Elon Musk’s $44bn Twitter buyout. Loan secured by his Tesla shares with a SOFR+3% interest rate and a US$62.5million lender fee.

#twittertakeover #elonmusk #elonmusktwitter #tesla…https://t.co/nw8dFM4l6j https://t.co/yciqx5KSa7

[Simon Wong @simonwongmp]

Big 5 banks swiftly pass on Bank of Canada interest hike to borrowers. The banks prime rates will increase from 3.20% (from 2.70%) within the week.

#bankofcanada #interestrates #inflation #mortgagerates #housingaffordability #economicrecovery https://t.co/zQVK9BsnzD

[Simon Wong @simonwongmp]

Bank of Canada raises key interest rate from 0.25% to 0.50% today despite geopolitical risks.

#bankofcanada #interestrates #mortgagerates #mortgages #inflation #monetarypolicy #covid19recovery #geopoliticalrisk #inflationexpectati…https://t.co/m7gKJbRLun https://t.co/wngf2eWe3R

[Simon Wong @simonwongmp]

The Bank of Canada surprised markets Wednesday by keeping its key lending rate at 0.25 per cent, while putting Canadians on notice that interest rates will eventually rise.

#interestrates #bankofcanada #economicoutlook #inflation…https://t.co/3FtQNF8lrp https://t.co/1nFodctLZp

[Simon Wong @simonwongmp]

Bank of Canada holds on rates, warns of elevated inflation in 2022. BOC has sent a warning that increases in the cost of living would continue into next year, but signaled it wasn't yet prepared to pull its key lever to rein in inf…https://t.co/bffjTw7KT6 https://t.co/oc7mtNPijE

[Simon Wong @simonwongmp]

Bank of Canada ends QE bond buying program, a sign that higher rates are coming.
Canada's central bank is keeping its benchmark policy interest rate right where it is, but is signaling that higher rates are coming soon.

#interestr…https://t.co/jL7vYqCQ2A https://t.co/qMPc14Pjvq

[Simon Wong @simonwongmp]

Bank of Canada holds key interest rates steady in cautious approach to economic recovery. Central bank cited ongoing supply chain disruptions and rising COVID cases as risks to global recovery.

#economy #interestrates #financeande…https://t.co/mPX9Hdj7gO https://t.co/823ZDz4Th5

[Simon Wong @simonwongmp]

The inflation rate has exceeded the Bank of Canada's target of two per cent since April and some economists expect it to creep as high as 3.9 per cent in the fall.

#financeandeconomy #interestrates #economy #markets #economics #fi…https://t.co/1LNi3GgAkw https://t.co/74LOurVJQv

[Simon Wong @simonwongmp]

Canada Mortgage and Housing Corp. is easing its underwriting criteria for mortgage loan insurance after changes it made last year were not effective and caused it to lose market share.

#mortgage #interestrates #creditandlending #f…https://t.co/ftczze4s36 https://t.co/x3yOMpWMpk

[Simon Wong @simonwongmp]

Bank of Canada holds rate, expecting strong rebound this summer. The central bank reiterated its guidance that rates would remain unchanged until at least the second half of 2022

#bankofcanada #financeandeconomy #interestrates #ec…https://t.co/7gFcJhZv9X https://t.co/u0CF7kusYA

[Simon Wong @simonwongmp]

New mortgage stress test rules take effect. Here’s what you need to know.

#mortgage #interestrates #financeandeconomy #bankingindustry #bankofcanada #stresstest #mortgagetips #realestate #housingaffordability #buyingpower #homeprices https://t.co/KXc4Pr4e2P

[Simon Wong @simonwongmp]

Bank of Canada keeps benchmark rate at record low but economic outlook brightens. Bank forecasting a 6.5% increase in GDP growth in 2021, up from 4%.

#economy #interestrates #interestrates #financeandeconomy #monetarypolicy #gdp #…https://t.co/fBCVnuLpqC https://t.co/Z5Lm96PGmG

[Simon Wong @simonwongmp]

Trudeau government's federal budget enters housing fray with tax on foreign owners. The federal budget proposes to put a countrywide tax in place on the value of “non-resident, non-Canadian owned residential real estate” that is de…https://t.co/v7ahcIm5RC https://t.co/zTk2FgymRj