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Raine Maida on marriage, music and the Maritimes | SaltWire - Bank of Canada's Senior Deputy Governor Carolyn Rogers said the number of so-called"negative amortization" mortgages is a concern, in an interview with Bloomberg News on Friday.
"A rate hike is on the table until we are really confident that we are clearly on our way," she said adding stickier-than-expected price pressures and excess demand could prompt another rate hike. Slowing core inflation is the primary requirement needed for policymakers to consider lowering rates, Rogers told Bloomberg, adding officials are likely to keep alive the threat of additional hikes.
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Bank of Canada's Rogers urges shift by banks on mortgage lending -Bloomberg NewsExplore stories from Atlantic Canada.
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Bank of Canada’s Rogers Urges Shift by Banks on Mortgage LendingCanadian banks and regulators should take a hard look at mortgages that have allowed some households to run up large amounts of long-term debt as interest rates went up, the Bank of Canada’s no. 2 official said.
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Bank of Canada's Rogers urges shift by banks on mortgage lendingCanadian banks and regulators should take a hard look at mortgages that have allowed some households to run up large amounts of long-term debt as interest rates went up, the Bank of Canada’s no. 2 official said.
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Canada’s jobless rate rises to 5.7%, fuelling bets Bank of Canada rate hikes are doneOTTAWA — Canada’s unemployment rate rose to 5.7 per cent last month as job opportunities became less plentiful in an economy weighed down by high interest rates.
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Macklem Says Neutral Rate Likely Drifting Higher in Canada(Bloomberg) -- Bank of Canada Governor Tiff Macklem said the neutral rate of interest is likely rising, and he wasn’t fully confident in the central bank’s...
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Bank of Canada will cut rates over mortgage renewals: Desjardins strategistRisks related to looming mortgage renewals mean the Bank of Canada is done hiking interest rates, according to a prominent strategist who predicts rate cuts to come halfway through next year.
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