Weekly Digest Bank of Canada Holds SteadyThe recent rebound in core inflation and improved timely activity indicators prompted the Bank of Canada to keep rates on hold at 2.75% on Wednesday. Policymakers will also want to wait for more clarity on future trade relations with the...
Weekly Digest Factors Influencing Rate DecisionsEconomic GrowthThe economy is facing a period of weak growth as US tariffs and uncertainty over the future of the USMCA weigh on exports and investments.Uncertainty = Limited InvestmentForecast of weak GDP growth moving forward – just 1% annualized for 2025Activity...
We bought are first house in Canada and we were new to all the process. Our realtor referred us to Connolly Capital and since our very first call, Trenton and Matthew were very supportive, always providing the best guidance and mortgage options for us. We...
Weekly Digest May Housing ReboundThe rise in home sales in May suggests a recovery is underway in the housing market following a tariff-induced shock.The 3.6% m/m rise in home sales in May marks the first consecutive month of demand growth in over half a year, after...
Weekly Digest GST Rebates for First Time BuyersStarting June 5th, The Liberal government has finalized the legislation to eliminate the GST portion on new home sales of up to $1 million. This applied to first-time home buyers. This will equate to as much as $50,000 off...
Weekly Digest Bank of Canada PausesThe Bank of Canada is juggling with unemployment risk on one side and inflation risk on the other. Wednesday, the Bank tried its best to keep a balance by holding its policy rate at 2.75%. Prime rate remains at 4.95%.Current markets...
Weekly Digest Tariff AppealA series of court rulings has thrown Donald Trump’s global trade war into legal battles.The US CIT has ruled that “the Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs”.That means...
Weekly DIgest Canadian Headline InflationHeadline inflation dropped to well under expectations. However, without the carbon tax adjustment, we'd be looking at something closer to 2.5%.Year-over-year: 1.74% (est. 1.6% | prior 2.3%)Month-over-month: -0.1% (est. -0.2% | prior 0.3%) Canadian Core InflationThe trouble lies with Core Inflation. Strip away the volatile...
Trenton was amazing to work with. He was available whenever we needed him, and was very knowledgeable. We felt very cared for and helped by him. Would 100% recommend him to anyone! Stephen Ng...
Matthew was extremely knowledgeable and helpful identifying the best mortgage options for me. I would highly recommend him Kelly Stevens...