Tag: Interest Rates

What the interest rate hike means for mortgage holders, home hunters

TORONTO — The Bank of Canada hiked its key interest rate Wednesday by a quarter percentage point, bringing the rate to 4.75 per cent — the highest it’s been since April 2001. The hike is aimed at quelling inflation, which has proved stubborn, not moving down quickly enough toward the central bank’s target of two per cent. However, the hike is also bound to weigh on those hunting for homes or holding mortgages. What does the interest rate have to do with my mortgage? Mortgage rates tend to move i
— Read on ca.finance.yahoo.com/news/interest-rate-hike-means-mortgage-162818361.html

Canada’s Surprise Hike Exposes Global Struggle to Find Endpoint for Rates

(Bloomberg) — The Bank of Canada’s decision to resume raising interest rates shook global bond markets and underscored the difficult task faced by central banks as they try to slow economic activity and tamp down inflation.Most Read from BloombergThese Are the World’s 20 Most Expensive Cities for Expats in 2023Tech Stocks Sputter as Traders Consider July Hike: Markets WrapGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailDam Destroyed in the Dead of Night Upstages Ukr
— Read on ca.finance.yahoo.com/news/canada-surprise-hike-exposes-global-201512866.html

Mexico Halts Steepest-Ever Series of Interest Rate Hikes as Inflation Slows

(Bloomberg) — Mexico halted its steepest-ever series of interest rate rises and promised to keep them stable for an extended period after inflation slowed sharply and the peso rallied to a seven-year high. Most Read from BloombergSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsWall Street Fears $1 Trillion Aftershock From Debt DealHere’s How Much Wealth You Need to Join the Richest 1% GloballySam Zell, Billionaire Real Estate Investor, Dies at 81Disney to Close Florida
— Read on ca.finance.yahoo.com/news/mexico-halts-steepest-ever-series-190928005.html

ECB Battle Lines Form for March Decision as Future Hikes Debated

(Bloomberg) — Battle lines are forming for the European Central Bank decision next week, with one official calling for a whole campaign of new tightening and some colleagues favoring caution.Most Read from BloombergHolding Cash Will Be a Winning Strategy in 2023, Investors SayTesla Slashes Model S and X Prices for the Second Time This YearTesla’s China Price War Sparks $18 Billion BYD Rout: Tech WatchTrump’s Threat of a Third-Party Run Is Undercut by ‘Sore Loser’ LawsUS Banks Are Finally Being
— Read on ca.finance.yahoo.com/news/ecb-battle-lines-form-march-140208486.html

ECB Battle Lines Form for March Decision as Future Hikes Debated

(Bloomberg) — Battle lines are forming for the European Central Bank decision next week, with one official calling for a whole campaign of new tightening and some colleagues favoring caution.Most Read from BloombergHolding Cash Will Be a Winning Strategy in 2023, Investors SayTesla Slashes Model S and X Prices for the Second Time This YearTesla’s China Price War Sparks $18 Billion BYD Rout: Tech WatchTrump’s Threat of a Third-Party Run Is Undercut by ‘Sore Loser’ LawsUS Banks Are Finally Being
— Read on ca.finance.yahoo.com/news/ecb-battle-lines-form-march-140208486.html

Mexico’s Central Bank to Decouple From Fed After December Hike, Barclays Says

(Bloomberg) — Mexico’s central bank will likely decouple from the Federal Reserve early next year by raising interest rates less than the US, after it matches the Fed during its meeting this week, according to Barclays Plc. Most Read from BloombergMusk Loses World’s Richest Title to Arnault With Tesla UnwindingElon Musk Is Ruining Trump’s Presidential CampaignUS Core Inflation Slows, Giving Fed Some Breathing Room on RatesTesla Stock Has Never Been This Cheap — And It Could Still Drop FurtherSt
— Read on ca.finance.yahoo.com/news/mexico-central-bank-decouple-fed-190859703.html