ATB Financial’s Post

The Bank of Canada today announced they have decided to cut its trendsetting policy rate by .25% today, from 5% to 4.75%. This is the first cut since the pandemic. Mark Johnson, Managing Director and Head of Interest Rates at ATB Financial, explains the two reasons for the cut, as well as their expectations as to where inflation may go. Watch now: #financialmarkets #interestrates

The Bank of Canada has just announced its fifth consecutive rate hold, maintaining its key lending rate at 5%. 🏦 Despite ongoing economic shifts, the central bank believes it's "too early to consider lowering the policy interest rate," pointing to persistent inflation as a key factor. 📉 Royal LePage, the parent company of Johnston and Daniel anticipates a shift in the second half of the year at the earliest, with the BoC likely announcing a modest easing of interest rates. 🏠💼 The Bank of Canada’s next interest rate decision is scheduled for April 10, 2024. While Tiff Macklem understands that we would all like to see rate cuts sooner than later, he is committed to bringing inflation under control first to avoid seesawing of inflation and rates later in the year. If you want to understand the implications of the current rate environment on Toronto real estate, please reach out. 📈💬 #CanadianRealEstate #BankofCanada #InterestRates #LendingRates #torontorealestate

The Bank of Canada cut interest rates again! This time by 0.25% to 4.50%.📢📢📢 The Bank lowered its growth forecast for 2024 due to decreased spending, but they still expect inflation to return to their target of 2% by the second half of 2025. What do you think about the Bank of Canada's decision? #bankofcanada #interestrate #interest #realestate #harvindersinghrealtor

The Bank of Canada has lowered its benchmark interest rate by 0.25% today, citing a pullback in household spending in both consumer goods and housing as the reason to bring the rate back down to 4.5%. According to BoC Governor Tiff Macklem, "If inflation continues to ease broadly in line with our forecast, it is reasonable to expect further cuts in our policy rate."  The announcement seems to have been anticipated by the markets as there is little change in early trading on the TSX today.   #seaglasswealth #wealthwednesday #BoC #policyrate #intheknow https://lnkd.in/gCFURCVS

The Bank of Canada has lowered its benchmark interest rate by 0.25% today, citing a pullback in household spending in both consumer goods and housing as the reason to bring the rate back down to 4.5%. According to BoC Governor Tiff Macklem, "If inflation continues to ease broadly in line with our forecast, it is reasonable to expect further cuts in our policy rate."  The announcement seems to have been anticipated by the markets as there is little change in early trading on the TSX today.   #seaglasswealth #wealthwednesday #BoC #policyrate #intheknow https://lnkd.in/gahQsgww

The Bank of Canada (BoC) announced Wednesday that it is holding the key interest steady at 5%, citing continued concerns about the risks posed by underlying #inflation. “Governing Council wants to see further and sustained easing in core inflation and continues to focus on the balance between demand and supply in the economy, inflation expectations, wage growth, and corporate pricing behaviour,” the bank said in a statement. The BoC expects inflation to remain close to 3%, above its 2% target, during the first half of 2024 before easing gradually. It had been widely expected by economists that the bank would hold the rate. The bank began raising interest rates in March 2022, hitting 5% in June of last year where it has held the rate for its past five meetings. More at #Proactive #ProactiveInvestors http://ow.ly/js3T105kOsL

🚨 UPDATE: Bank of Canada Keeps Benchmark Rate Steady at 5.00% 🏦 As predicted, the Bank of Canada has decided to maintain its overnight target rate at 5.00% in today's announcement. In their statement, the Bank expressed ongoing concerns about inflation risks and emphasized the importance of observing sustained improvements in core inflation. They are closely monitoring factors such as demand-supply balance, inflation expectations, wage growth, and corporate pricing trends. This marks the fifth consecutive rate freeze by the Bank, with growing speculations of potential rate cuts in the near future, possibly by the middle or latter part of the year. The upcoming rate update is set for Wednesday, April 10, 2024. 🗓️ Let's keep working towards making the dream of homeownership a reality for all! 🏡💫 #BankofCanada #InterestRates #HomeownershipDreams #realestatequestion #realestatedream #brothersisterteam #barrierealestate #torontorealestate #the6ix #the6ixrealestate

The Bank of Canada cut its policy rate by another .25% today, lowering it to 4.50%. Their outlook for inflation continues to seem more confident, making further cuts more likely. Mark Johnson, Managing Director and Head of Interest Rates at ATB Financial, explains how the #BoC appears to be leaning towards more cuts to deliver the kind of growth (and, crucially, per capita growth) that will mop up the increasing excess supply in the economy. Watch now: #financialmarkets #interestrates

As was widely expected, the Bank of Canada opted to reduce its policy rate today by 25 basis points, at a third consecutive meeting, to 4.25%. The Bank’s trend-setting rate—while still elevated—now sits at its lowest point since December 2022. Read more here: https://lnkd.in/gXeWeA5b #policyrate #bankofcanada #rennieintelligence #vancouverrealestate

🚨 UPDATE: Bank of Canada Keeps Benchmark Rate Steady at 5.00% 🏦 As predicted, the Bank of Canada has decided to maintain its overnight target rate at 5.00% in today's announcement. In their statement, the Bank expressed ongoing concerns about inflation risks and emphasized the importance of observing sustained improvements in core inflation. They are closely monitoring factors such as demand-supply balance, inflation expectations, wage growth, and corporate pricing trends. This marks the fifth consecutive rate freeze by the Bank, with growing speculations of potential rate cuts in the near future, possibly by the middle or latter part of the year. The upcoming rate update is set for Wednesday, April 10, 2024. 🗓️ Let's keep working towards making the dream of homeownership a reality for all! 🏡💫 #BankofCanada #InterestRates #HomeownershipDreams #realestatequestion #realestatedream #brothersisterteam #barrierealestate #torontorealestate #the6ix #the6ixrealestate