The latest numbers show inflation slowly retreating toward the threshold preferred by the Bank of Canada. More of the same in the next couple of months would likely convince the central bank to start unwinding the hefty rate increase of the past two years. .suddenly re-emerged a year ago after seeming defeated, so the outlook for rates is still fluid. But it does look right now like we’re coming to an inflection point for the economy, where the narrative shifts from high rates to rate cuts.
For now, remind yourself what rate your lender has already committed offered and check periodically to see how it compares to the latest rates. Mortgage rates could come down a bit in anticipation of what seems to be a slam-dunk rate cut by the Bank of Canada later in the year. Note that getting a new rate hold may require another credit check. Frequent credit checks can lower your credit score.
Buying dividend stocks now gives you an opportunity to lock in yields that will look increasingly good as rates for bonds and GICs decline. Be cautious with stocks that have an exceptionally high yield – that’s a sign of investor concern about the company and its ability to sustain its dividend payout. Stumped on what to buy? Try a diversifiedshould flow through to lines of credit, which is great news for borrowers.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: GlobalCalgary - 🏆 50. / 61 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: CBC - 🏆 32. / 63 Read more »