MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BMO on the Bank of Canada’s FSR

CANADA
  • All told, the BoC continues to view the banking system as fundamentally sound, but observes some symptoms that are consistent, and expected, within a tightening cycle.
  • The look into the mortgage market shows that those with fixed-payment variable-rate mortgages are now amortizing over significantly longer periods, but the bulk won’t see payments reset until 2025 and 2026. As we have long argued since the tightening cycle began, the mortgage market is not a time bomb, but more of persistent headwind that will blow for a few years going forward.
  • With Canadian banks also so far seeing limited fallout from U.S. bank stress, this all suggests that monetary policy is working, and the BoC is comfortable on hold for now, pending any changes in the path for inflation and the job market in the months ahead.
HomepageBulletMarketsFixed Income BulletsForeign Exchange BulletsCanada Bank of Canada Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.