Bond Capital’s Post

The Bank of Canada cut its target for the overnight rate by 25 basis points to 4.75% while continuing with its balance sheet normalization. Canada’s Prime Rate is expected to decrease to 6.95%. Canada’s latest CPI showed the annual inflation rate decreasing to 2.7% in April, from 2.9% the month before. The US Prime Rate is currently 8.5%, with the latest US CPI data showing annual inflation decreasing to 3.4% in April, from 3.5% the month before. #interestrate #interestrates #privatecredit #privatedebt #privatecrediter #directlending #directlender #businessloans #assetallocation #growthcapital #privateequity https://lnkd.in/eQbe2QgW

Eyes on unemployment, Mind the gap between BoC and FED. Based on historical data, the average difference between the two prime rates has generally been within a range of 50 to 100 bps. However, during the mid-1990s the spread between these two central banks reached 250bps. This range can vary depending on economic conditions, monetary policies, and other factors influencing each country’s central bank decisions.

The Bank of Canada cut its target for the overnight rate by 25 basis points to 4.5% while continuing with its balance sheet normalization. Canada’s Prime Rate is expected to decrease to 6.7%. Canada’s latest CPI showed the annual inflation rate decreasing to 2.7% in June, from 2.9% the month before. The US Prime Rate is currently 8.5%, with the latest US CPI data showing annual inflation decreasing to 3.0% in June, from 3.3% the month before. #interestrate #interestrates #privatecredit #privatedebt #privatecrediter #directlending #directlender #businessloans #assetallocation #growthcapital #privateequity https://lnkd.in/gGc3_y5A

The Bank of Canada cut its target for the overnight rate by 50 basis points to 3.75% while continuing with its balance sheet normalization. Canada’s Prime Rate is expected to decrease to 5.95%. Canada’s latest CPI showed the annual inflation rate decreasing to 1.6% in September, from 2.0% the month before. The US Prime Rate is currently 8.0%, with the latest US CPI data showing annual inflation decreasing to 2.4% in September, from 2.5% the month before. #interestrate #interestrates #privatecredit #privatedebt #privatecrediter #directlending #directlender #businessloans #assetallocation #growthcapital #privateequity https://lnkd.in/gG8ahttd

The Bank of Canada held its target for the overnight rate at 5.00% while continuing with quantitative tightening. Canada’s Prime Rate remains at 7.2%. Canada’s latest CPI showed the annual inflation rate increasing to 3.4% in December, from 3.1% the month before. The US Prime Rate is currently 8.5%, with the latest US CPI data showing annual inflation increasing to 3.4% in December, from 3.1% the month before. #interestrate #interestrates #privatecredit #privatedebt #privatecrediter #directlending #directlender #businessloans #assetallocation #growthcapital #privateequity https://lnkd.in/gWrg7NqV

The Bank of Canada held its target for the overnight rate at 5.00% while continuing with quantitative tightening. Canada’s Prime Rate remains at 7.2%. Canada’s latest CPI showed the annual inflation rate decreasing to 2.8% in February, from 2.9% the month before. The US Prime Rate is currently 8.5%, with the latest US CPI data showing annual inflation increasing to 3.5% in March, from 3.2% the month before. #interestrate #interestrates #privatecredit #privatedebt #privatecrediter #directlending #directlender #businessloans #assetallocation #growthcapital #privateequity https://lnkd.in/g-aTv4ED

The Bank of Canada held its target for the overnight rate at 5.00% while continuing with quantitative tightening. Canada’s Prime Rate remains at 7.2%. Canada’s latest CPI showed the annual inflation rate decreasing to 2.9% in January, from 3.4% the month before. The US Prime Rate is currently 8.5%, with the latest US CPI data showing annual inflation decreasing to 3.1% in January, from 3.4% the month before. #interestrate #interestrates #privatecredit #privatedebt #privatecrediter #directlending #directlender #businessloans #assetallocation #growthcapital #privateequity https://lnkd.in/gedAPHz6

The Bank of Canada kept rates unchanged and didn’t indicate anything towards an actual rate cut today. On inflation, while it mentioned that the overall pace had slowed, it believed that underlying inflation pressures persist, led by shelter, and wants to see more progress. It seemed to stick to its two official core inflation measures, with no mention of the better progress seen in measures if we strip out mortgage interest costs. https://lnkd.in/gnvVNgvQ https://lnkd.in/gEKFUuZk #investing #economy #fixedincome #income #bonds

*BANK OF CANADA 🇨🇦 Interest Rate Announcement* July 24, 2024 The Bank of Canada (BOC) cut its key interest rate to 4.5 per cent today, with governor Tiff Macklem saying during a news conference that it would be reasonable to expect further rate cuts if inflation continues to ease. The cut was widely expected by economists after inflation eased in June. It marked the central bank's second consecutive cut after last month's meeting, when it cut rates for the first time since March 2020. The bank brought key interest rates down by 25 basis points to 4.75 per cent during that June meeting. The rate had previously been held at five per cent since July 2023. The bank began a long and aggressive cycle of rate hikes in April 2022 to tame persistently high inflation. *The BOC will make its next interest rate decision on September 4th 2024. #bankofcanada #interestrates #ratecut #rateannouncement

The Bank of Canada announced that it would maintain its interest rates at 5%, in line with expectations and marking six months since the last rate hike. The discussion has shifted from whether more hikes are needed to how long rates should be held at this level. The press release no longer includes the usual "prepared to raise further" language seen in 2023. Despite the lack of actual rate cuts, the market responded optimistically, especially as the US openly considers rate cuts. Bond yields declined significantly from October to Christmas, reflecting positive sentiment, but moderated recently with news of higher inflation. #colliersvaluation #appraisal #interestrates #caprates #investmentrealestate #canadianrealestate