September 7, 2023

It’s possible interest rates aren’t high enough: BoC’s Macklem

It’s possible interest rates aren’t high enough: BoC’s Macklem

While the Bank of Canada is “encouraged” by the way higher rates are working to slow inflation, Governor Tiff Macklem said it’s possible interest rates aren’t yet high enough.  While the Bank of Canada is “encouraged” by the way higher rates are working to slow inflation, Governor Tiff Macklem said it’s possible interest rates aren’t […]

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OSFI calls stress test “incomplete,” seeks to address “problem” of fixed-payment variable-rate mortgages

OSFI calls stress test “incomplete,” seeks to address “problem” of fixed-payment variable-rate mortgages

It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that point during a speech today.  It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that point during a speech

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