The Bank of Canada has Spoken. What’s Next? Governor Tiff Macklem indicated that persistent oil and petroleum-product prices would push the Bank’s updated inflation forecast significantly higher. Canada’s energy-exporting economy gets an income and investment boost from expensive oil, which could cushion some of the damage elsewhere. That made the policy ...
Continue ReadingThe Federal Open Market Committee, the Bank of Canada’s equivalent of the Governing Council, announced last week that it would raise the overnight federal funds rate by 25 basis points to 3.75%-to-4.0%. The key question is whether it’s a one-off or the start of something deeper and longer. We suspect ...
Continue ReadingOutlook for the Canadian Housing Market, 2026–2027 Canada’s housing market is set to undergo a period of slow recovery and structural adjustment in 2026 and 2027. After several years marked by aggressive rate increases, deteriorating affordability, and uneven regional performance, the market is more likely to stabilize than to stage ...
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