Two weeks ago, we tracked discounted 3-year fixed rates from RBC and BMO and found that their rates dropped by 0.20 per cent (20 bps) each. Typically, when one of the Big 5 adjusts one of … Read More
Read articleGovernment of Canada Bond Yields
Government of Canada bond yields Last week, Government of Canada (GoC) benchmark bonds plunged markedly across the 2-year, 5-year, 7-year, and 10-year bond yields. Tracking bond yields is important because they help drive fixed mortgage rates. … Read More
Read articleFive-year Government of Canada (GoC) bond yields have been steadily rising since February, after sitting at 10-year lows for most of the tail end of 2011. Those low five-year bond yields from November, December and January … Read More
Read articleTracking Government of Canada (GoC) bond yields is important because they help determine where fixed rates are headed. Since the beginning of March, 5-year GoC bond yields have been steadily climbing. This important because it gives … Read More
Read articleBy Monday of last week, every major bank in Canada was engaged in a mortgage pricing war, each offering a 2.99% fixed mortgage rate at either a 4 or 5-year term. How long will the banks … Read More
Read articleLast week, the U.S. Federal Reserve announced that they will keep the target for the U.S. policy rate between 0.0% and 0.25% until late 2014, extending their initial expectations. This impacts Canadian interest rates since the … Read More
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