Canadas Fixed Mortgage Rates could Remain High into 2025 CIBC

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#canadianmortgagerates #bankofcanada #canadianeconomy • Canada’s bond yields (and its fixed mortgage rates) may not change by the end of the year, this according to Ian Pollick of CIBC. The comments come as some are noting the return of the ‘punch bowl’ to the Canadian economy, heralding the return of cheap money. • LINKS: • Global risks weighing on 5, 30-year bond yields: Pollick: • https://www.bnnbloomberg.ca/video/glo... • Bank of Canada first to cut rates in G7, economist bets are on another in July: • https://www.bnnbloomberg.ca/video/glo... • Ian Pollick: • https://cabe.ca/speakers/ian-pollick/ • Bank of Canada delivers rate relief to consumers, paving way for stronger spending: • https://www.theglobeandmail.com/busin... • Borrowers revel in interest rate cut as the party ends for savers: • https://www.bnnbloomberg.ca/borrowers... • Markets today: Treasury yields surge as jobs spark rethink on U.S. Fed: • https://www.bnnbloomberg.ca/markets-t... • Bank of Canada Brings Back the Punch Bowl: • https://www.mortgagelogic.news/bank-o... • Consumer price index: • https://www.statcan.gc.ca/en/subjects... • Bank of Canada's rate cut could spur housing demand as Toronto home sales fall in May: • https://www.bnnbloomberg.ca/greater-t... • Bank of Canada reduces policy rate by 25 basis points: • https://www.bankofcanada.ca/2024/06/f... • Bank of Canada’s Balance Sheet Plans Are Scrutinized as Funding Markets Show Strain: • https://www.bnnbloomberg.ca/bank-of-c... • Understanding our policy interest rate: • https://www.bankofcanada.ca/2022/04/u... • Treasury Yields Surge as Hot Jobs Data Dims Fed Rate-Cut Bets: • https://www.bnnbloomberg.ca/treasury-... • Canada's unemployment rate rises to 6.2% as more workers forced to go part time: • https://financialpost.com/news/econom... • Jobs market cools in November. What that means for the Bank of Canada: • https://globalnews.ca/news/10141495/s... • Lower bond yields could soon mean cheaper mortgages. Here’s why: • https://globalnews.ca/news/10142334/b... • Canada 2 Year Government Bond: • https://www.marketwatch.com/investing... • U.S. hiring and wage growth picked up last month in sign of sustained economic health: • https://www.ctvnews.ca/business/u-s-h... • U.S. dollar sees biggest jump since April as Treasury yields surge: • https://www.marketwatch.com/livecover... • • Fed seen waiting to cut rates as job growth picks up: • https://www.reuters.com/markets/us/fe... • US jobs surge casts doubt over interest rate cuts: • https://www.bbc.com/news/articles/c97... • Treasury Yields Jump After Hot Jobs Data: • https://www.wsj.com/livecoverage/stoc... • Mark Mitchell – Mortgage Broker London Ontario • 920 Commissioners road east • London, Ontario N5Z 3J1 • Phone: (519)860-2102 (Call or Text) • [email protected] • Brokerage Lic: 10464 • Broker Lic: M16001479 • https://www.LondonOntarioMortgages.ca – Apply Online!! • Youtube Channel: / markmitchellmortgagebrokerlondonontario • Subscribe NOW for more Mortgage/Financial News/Videos. • Follow me on Social Media: • Instagram - / mortgagebrokerlondonontario • Facebook - / londonontariomortgages • Twitter - / londonmortgage1 • LinkedIn - / mark-mitchell-london-s-mortgage-broker-197... • TikTok - https://www.tiktok.com/@mortgagebroke... • Commentary on this Channel should not be considered financial advice.

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