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This is a very light day for data with no reports out of the United States.  Maple Ridge Real Estate is in the middle of it’s summer swing but her is what the big picture is doing in North America

 

The main economic indicator today is Canadian CPI for June which is unchanged from May.  The annual inflation rate now stands at 1.2%. Core inflation – excluding food and fuel – came in at 1.3%, up 0.2% from May.  Both numbers met expectations.

 

Muted inflation makes it unlikely the Bank of Canada will waiver from its accommodative monetary policies.

 

North American markets were all higher at the open.

 

Bond yields are up 3 – 4 bps.

 

Commercial Bond Yields

Canada Mortgage Bond

Canada Housing 12/15/18: 2.15%

Canada Housing 09/15/23: 2.89%


 

Select Government of Canada Bonds

CAN 4.25 06/01/18: 1.69%

CAN 1.50 06/01/23: 2.38%

GOC Bonds are for reference purposes only

 

First National Floating Insured Cost of Funds

1.20%

 

Bank Prime Rate

3.00%

 

Posted Rate

1 Year: 3.09%
2 Year: 3.14%
3 Year: 3.65%
4 Year: 4.54%
5 Year: 5.14%

 

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