Banking regulator takes permanent control of Silicon Valley Bank's Canadian assets - CBC.ca Mar 15th
Can you move income back and forth between spouses? + MORE Aug 18th
Toronto's housing market tightened in March despite falling prices Apr 7th
How much are trading fees? Nov 25th
Gen Z housing hacks for the return-to-office era + MORE Nov 3rd
Making sense of the markets this week, October 31, 2021
– moneysense.ca
Scotiabank says 8 rate hikes are on the way
Scotiabank’s Derek Holt shared that we could see eight rate hikes in Canada over the next two years. That is aggressive. Rate hikes would likely deflate the real estate market and perhaps stock market and, by design, put a brake on personal spending and on economic activity.
Increased borrowing costs can mean less money available for consumption.
From the Financial Post article:
“Policymakers led by Governor Tiff Macklem will begin a series of eight 25-basis-point hikes in July of next year, Scotiabank’s Derek Holt said Wednesday on BNN Bloomberg Television. That will be followed by moves in September, October, and December. Holt predicted the the pace of tightening would then slow, with quarterly moves in 2023 bringing the policy rate to 2.25% by the end of that year.”
Of course, central banks will use the rate-hike weapon to battle inflation; and those inflation worries are gathering steam…
