How To Cope With Rate Hikes: The PMG’s Advice

How To Cope With Rate Hikes: The PMG’s Advice

With inflation numbers coming in higher than expected fuelled by a number of factors including supply pressures, lockdowns in China and even the war in Ukraine, the BoC has committed to increasing their rate very aggressively until they have achieved their “neutral rate”. The neutral rate is defined as: “the policy rate that will allow the economy to operate at its full potential while keeping inflation at or near the Bank’s 2% target.” This number is typically in the 2% – 3% range. For variable rate holders, this could mean another 1.50% increase over the next year. So, although the pace of increases has accelerated, we are sticking to our advice from the...

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The State Of The Rates: Summer 2021 Update

The State Of The Rates: Summer 2021 Update

There has been a lot of speculation recently on what a post-COVID world will look like as it pertains to interest rates. The hawks out there insist the economy is going to blast off into the stratosphere on the back of a year and a half of pent up demand and people...

Keeping ahead of COVID-19

In the interest of helping to slow the spread of Covid 19 the PMG has decided to close the office to the public. We are still fully operational but will not be seeing clients in person. Thank you for your understanding and please take care of yourselves.