Free Trial

Desjardins on BoC’s Financial System Review

CANADA
  • “The BoC’s mortgage renewal simulations [using loan level data] look almost identical to ours which show both fixed-rate and variable-rate borrowers expected to see significantly higher payments at renewal in 2025 and 2026.”
  • “That increases our confidence in forecasting a challenging period for the Canadian economy lest rates are cut materially from current levels.”
  • “That said, so far, most mortgage holders are managing the impacts of higher interest rates.”
  • “With inflation now largely consistent with the BoC’s 2% target, the door is open for the policymakers to begin a rate cutting cycle in June.”

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.