MortgageLogic.news (Page 74)

Job growth seemingly mocks central banks

Robert McLister May 05, 2023 11:29 PM ET

Central bankers won't be loving Friday's employment numbers. Canada created an overspicy 41,000 jobs in April, doubling up the consensus forecast (which is wrong 4 out of 5 times, by the way, reports Scotiabank). Immigration-fuelled population growth distorts employment gains, so potent job creation isn&

This & That

Robert McLister May 05, 2023 11:02 PM ET

Was this the last Fed hike for years?

Robert McLister May 04, 2023 2:31 AM ET

The U.S. Federal Reserve gave no indication it was pressing the pause button after Wednesday's 25 bps hike. Instead, it said the next best thing. "A decision on a pause was not made today," Jerome Powell remarked in his press conference. But "We feel

RBC's takeover of HSBC will close later, assuming it closes

Robert McLister May 02, 2023 11:57 PM ET

Mortgage consumers may enjoy an additional quarter of rock-bottom uninsured mortgage rates. That's thanks to delays in RBC's takeover of HSBC Canada. U.K.-based HSBC now expects RBC's $13.5-billion purchase of its Canadian unit to close in Q1 2024. Initially, it projected

MLN Bulletin: May 2, 2023

Robert McLister May 02, 2023 1:58 AM ET

Today's report The latest stories posted on MortgageLogic.news... • The Fed's most-loved spread ♥️ (Click link for story) This & That * Updated simulator: The Amortization Simulator was updated on Monday with the latest Bank of Canada implied rate path. Download it here. The timeframe for rate cuts

Job growth seemingly mocks central banks

This & That

Was this the last Fed hike for years?

RBC's takeover of HSBC will close later, assuming it closes

MLN Bulletin: May 2, 2023

Mortgage Memo: Nov. 15

Mortgage Memo: Nov. 14

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