Bank of Canada talks Mortgage Charter, Debt, 1970s and interest rates

#bankofcanada #canadianinterestrates #MortgageCharter

Bank of Canada Governor Tiff Macklem gave a speech on Wednesday warning about cutting interest rates too soon, leading the news to declare that rate cuts could be coming soon. The Governor also addressed the Mortgage Charter, Government Debt and warnings from the 1970s.

Links:

Speech by Governor Tiff Macklem / Discours du gouverneur Tiff Macklem:

https://www.youtube.com/watch?v=B_WRXk3PyWQ

Media availability on November 22, 2023  / Point de presse le 22 novembre 2023:

https://www.youtube.com/watch?v=om1bt9W5i2A

Bank of Canada's Macklem says interest rate hikes may be over:

https://financialpost.com/news/economy/bank-of-canada-tiff-macklem-interest-rate-hikes-may-over

Bank of Canada’s Macklem says interest rates may be high enough to tame inflation:

https://www.theglobeandmail.com/business/article-bank-of-canada-macklem-speech-interest-rates/

BoC's Macklem: Rate hikes may be over:

https://www.mpamag.com/ca/mortgage-industry/market-updates/bocs-macklem-rate-hikes-may-be-over/467612

Bank of Canada Says Rates May Be ‘Restrictive Enough’:

https://www.bloomberg.com/news/articles/2023-11-22/bank-of-canada-says-rates-may-be-restrictive-enough

Canada 2 Year Government Bond:

https://www.marketwatch.com/investing/bond/tmbmkca-02y?countrycode=bx

Canada 5 Year Government Bond:

https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx

Ending the pain of high inflation:

https://www.bankofcanada.ca/2023/11/ending-the-pain-of-high-inflation/

Now is not the time ‘to start thinking about cutting interest rates,’ Bank of Canada governor says:

https://www.thestar.com/business/now-is-not-the-time-to-start-thinking-about-cutting-interest-rates-bank-of-canada/article_4c4f5f48-a58e-56b5-ab75-23ae45dd57c9.html

The new Canadian Mortgage Charter explained:

https://www.cbc.ca/news/politics/canadian-mortgage-charter-explained-1.7036643

Fiscal and monetary policy rowing in opposite directions, Macklem says:

https://www.ctvnews.ca/politics/fiscal-and-monetary-policy-rowing-in-opposite-directions-macklem-says-1.6623438

Ontario Premier Doug Ford calls on Bank of Canada to halt rising interest rates:

https://www.cbc.ca/news/canada/toronto/doug-ford-letter-bank-of-canada-1.6956538

Monetary Policy Report July 2023:

https://www.bankofcanada.ca/wp-content/uploads/2023/07/mpr-2023-07-12.pdf

Bank of Canada hikes rate to 5%, expects inflation to be above 2% until mid-2025:

https://ca.finance.yahoo.com/news/bank-of-canada-hikes-rate-to-5-expects-inflation-to-be-above-2-until-mid-2025-140150410.html

CREA Downgrades Resale Housing Market Forecast:

https://www.crea.ca/media-hub/news/crea-downgrades-resale-housing-market-forecast/

Former top banker says premiers are 'grandstanding' on interest rate hikes:

https://www.cbc.ca/news/politics/bank-of-canada-interest-ford-furey-eby-1.6957173

One Hundred Inflation Shocks: Seven Stylized Facts:

https://www.imf.org/en/Publications/WP/Issues/2023/09/13/One-Hundred-Inflation-Shocks-Seven-Stylized-Facts-539159

Interest Rates: Immediate Rates (24 Hours): Prime Rates: Total for Canada:

https://fred.stlouisfed.org/series/IRSTPI01CAM156N

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