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Top related persons:
Sal Guatieri - 2 Prerana Bhat - 2 Ross Finley - 2 Chris Wattie - 1 Claire Fan - 1 Tony Stillo - 1 We're - 1 BMO's Guatieri - 1
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Ottawa , Ontario Canada Canadian BENGALURU
Top related orgs:
BMO Capital Markets - 2 Thomson - 2 Bank of Canada - 1 REUTERS - 1 BoC - 1 Canada - 1 RBC - 1 Oxford Economics - 1

Search resuls for: "BMO's Guatieri"


2 mentions found


☆ Bank of Canada to hold rates steady on Sept. 6; home prices to fall in 2023: Reuters poll
  + stars: | 2023-08-30 | by ( Milounee Purohit Devayani Sathyan | Milounee Purohit | Devayani Sathyan | ) www.reuters.com   time to read: +4 min
A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. Interest rate futures are pricing in no change next week, but are nearly split over whether rates rise once more. In the latest poll, eight of 34 economists expect one more rate rise to 5.25% by the end of this year, compared with only one in a July poll. "We expect the Bank will hold the overnight rate steady at 5.00% through mid-2024 as the full impact of past rate hikes helps push the economy into a moderate recession. A scenario in which Canadian interest rates stay higher for longer could increase pressure on highly-indebted households, with almost 20% of Canadian mortgages due for renewal next year.
Persons: Chris Wattie, Claire Fan, Tony Stillo, We're, Sal Guatieri, BMO's Guatieri, Milounee Purohit, Prerana Bhat, Ross Finley, Paul Simao Organizations: Bank of Canada, REUTERS, BoC, Canada, RBC, Oxford Economics, U.S . Federal, BMO Capital Markets, Thomson Locations: Ottawa , Ontario, Canada, Canadian
☆ US home prices to fall less than expected despite high borrowing costs
  + stars: | 2023-05-31 | by ( Prerana Bhat Indradip Ghosh | Prerana Bhat | Indradip Ghosh | ) www.reuters.com   time to read: +3 min
Average house prices as measured by the S&P CoreLogic Case-Shiller composite index of 20 metropolitan areas were forecast to stagnate next year. "Looking ahead, we think there is scope for prices to fall a little further. "Given supply is likely to stay tight, there is a risk house prices may not fall as much as we previously expected." The 30-year fixed mortgage rate, currently around 6.7%, was expected to average 6.2% in 2023. Those high mortgage rates are restricting housing supply, which puts upward pressure on prices, as well as demand.
Persons: Sam Hall, haven't, Sal Guatieri, Indradip Ghosh, Prerana Bhat, Aditi Verma, Maneesh Kumar, Jonathan Cable, Ross Finley, Sharon Singleton Organizations: stagnating, Reuters, U.S . Federal Reserve, Capital Economics, BMO Capital Markets, Thomson Locations: BENGALURU
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