Patti Wheatley - Mortgage Broker

Patti Wheatley || July 05, 2024

Jobless rate rises to 6.4% in June, raising questions about the BoC's next rate

Canada's labour market fell short of expectations in June, leading to an increase in the unemployment rate to 6.4%. Despite this weak report, most economists believe the Bank of Canada will not...

Patti Wheatley || June 07, 2024

May employment growth fuelled by part-time positions

The Canadian economy continued to see a net rise in new jobs created last month, however all of the gains consisted of part-time positions. Statistics Canada reported today that the...

Patti Wheatley || June 05, 2024

What does today’s Bank of Canada rate cut mean for borrowers?

What does today's Bank of Canada rate cut mean for borrowers? Today's decision by the Bank of Canada to lower its key lending rate by a quarter point to 4.75% is welcome news for...

Patti Wheatley || May 31, 2024

Economists: Q1 GDP Growth Slump Strengthens Case for June Rate Cut

The Bank of Canada now has more reason to pull the trigger on a rate cut when it meets next week following the release of Q1 GDP data. Data released by Statistics Canada on Friday showed...