Front-Running the Fed: Bank of Canada Hikes 50 Basis Points to 1.0%, Starts Official QT. Unofficial QT Already Shrank Assets by 15% by Wolf Richter • Apr 13, 2022 • 219 Comments “The economy can handle higher interest rates, and they are needed.” The BoC is way behind the curve, but way ahead of the Fed.
The Most Splendid Housing Bubbles in Canada, March Update, amid Jumping Yields, Bank of Canada’s Rate Hike and QT by Wolf Richter • Mar 17, 2022 • 98 Comments Mad scramble to lock in rising mortgage rates? A few markets went raging-mania hog-wild. Others not so much. In two, prices dipped again.
Bank of Canada Front-Runs the Fed, Hikes Interest Rates, Citing Hot Inflation & Even More Inflationary Pressures by Wolf Richter • Mar 2, 2022 • 104 Comments Rates “need to rise further.” Balance sheet already shrank by 14%, more shrinkage to come.
The Most Splendid Housing Bubbles in Canada as Bank of Canada Begins QT, Yields Spike by Wolf Richter • Feb 20, 2022 • 155 Comments Folks scrambled to lock in mortgage rates in the hottest markets, no matter what the price. But prices declined or were flat in 4 of the 11 largest markets.
Most Splendid Housing Bubbles in Canada: Mad Scramble to Lock in Rising Mortgage Rates as Bank of Canada Is Set to Tighten by Wolf Richter • Jan 19, 2022 • 149 Comments QE ended months ago and interest rates are rising. Home prices fell in three markets, but spiked in others.
Most Splendid Housing Bubbles in Canada, November Update, after Bank of Canada Ended QE and Put Rate Hikes in Sight by Wolf Richter • Dec 18, 2021 • 225 Comments Home prices spike in a few cities, “pause” in some, drop in others. Vancouver prices are below August levels.
The Most Splendid Housing Bubbles in Canada “Pause” after Bank of Canada Ends QE, Starts Unwinding its Balance Sheet by Wolf Richter • Nov 17, 2021 • 87 Comments Home prices fell in Vancouver, Ottawa, and Montreal; were flat in Toronto, other cities for the first time since 2019.
Suddenly Hawkish Bank of Canada Ends QE, Moves Rate Hikes Forward. 1-Year and 2-Year Yields Spike by Wolf Richter • Oct 27, 2021 • 101 Comments Spooked by inflation not being temporary.
The Process of Ending Massive Money Printing Has Started by Wolf Richter • Sep 9, 2021 • 261 Comments ECB second giant to taper. Bank of Japan already ended QE. Bank of Canada shed 15% of assets. UK, Australia are tapering. New Zealand quit cold turkey
The Most Splendid Housing Bubbles in Canada Dogged by the Bank of Canada’s End of QE by Wolf Richter • Aug 20, 2021 • 142 Comments The housing insanity “softens.”
