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The best GIC rates in Canada for 2026 May 25th
Carney government to reveal economic statement on April 28 Apr 15th
AFN head RoseAnne Archibald calls her suspension unlawful - The Globe and Mail + MORE Jul 6th
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…
