The Bank of Canada hikes rates again but promises an end to the pain Published by Hilliard MacBeth on Jan 26, 2023 The Bank of Canada (BOC) met expectations Wednesday with a 25-basis point increase in rates, and hinted that it might go on hold. This was the eighth consecutive interest rate increase from the BOC. Markets expect inflation to fall quickly allowing the... Read more
Canadian housing is in a slump but not a crash Published by Hilliard MacBeth on Jan 20, 2023 The Canadian housing market is in a correction, but not yet in a crash. The CREA, a real estate industry association, put out a report that showed a 13.2 percent decline in house prices from the peak that occurred early in 2022. Will this housing correction... Read more
Inflation is not going away any time soon Published by Hilliard MacBeth on Jan 13, 2023 Inflation as measured by the CPI is moderating but it is not likely to hit the Federal Reserve target of 2 percent soon, despite a widespread and growing belief to the contrary. A popular narrative about inflation: The surge was caused by the war in Ukraine... Read more
Speculation on interest rates and inflation in 2023 Published by Hilliard MacBeth on Jan 06, 2023 Speculation on the direction for interest rates will dominate stock market chatter in the first half of 2023. In November 2022 market participants had started to anticipate a decline in inflation which would allow the Federal Reserve to drop interest... Read more