Brett Surbey, Author at Mortgage Rates & Mortgage Broker News in Canada

Inflation holds steady at 1.7% in May, but July rate cut hinges on trade talks

June 24, 2025 No Comments

Inflation data came in as expected, with core measures easing slightly, but that may not clear the path for a July rate cut, experts say.

Retail sales rebound in April, but warning signs point to slowdown ahead

June 20, 2025 No Comments

While April marked a second month of gains, early data for May suggests the rebound is already faltering amid trade tensions and weakening demand.

U.S. inflation softens in May, but Fed still expected to hold through summer

June 11, 2025 No Comments

Both core and headline CPI came in below expectations, but economists say tariff risks and solid job growth leave the Fed in wait-and-see mode until fall.

Jobless rate hits 7%, but markets trim odds of July rate cut as job losses come in softer than expected

June 6, 2025 No Comments

Canada’s labour market continued to weaken in May, with the unemployment rate rising to 7%—the highest since 2016, excluding the pandemic years. But the deterioration was less severe than many economists had expected.

Q1 GDP beats forecasts, pushing rate cut expectations to July

May 30, 2025 No Comments

With Q1 GDP topping forecasts, expectations for a rate cut next week are fading among some economists.

Bank of Canada rate path clouded as core inflation heats up despite headline drop

May 20, 2025 No Comments

Headline inflation eased in April, but persistent core pressures are complicating the Bank of Canada’s path to rate cuts.

U.S. inflation cools in April, fuelling expectations of Fed easing later this year

May 13, 2025 No Comments

U.S. inflation unexpectedly cooled in April, reinforcing expectations that the Federal Reserve could continue cutting rates later this year.

Rising unemployment rate and weak job gains point to June Bank of Canada rate cut

May 9, 2025 No Comments

Following a steep March decline, modest job growth in April suggests tariff impacts are weighing on Canada’s economy, raising the odds of a 25 bps rate cut in June.

U.S. job growth defies expectations again, but tariff risks lurk

May 2, 2025 No Comments

U.S. job growth beat expectations for the second consecutive month, but economists warn the effects of reciprocal tariffs are still to come.

Canada’s GDP contracts in February, with more headwinds ahead

April 30, 2025 No Comments

Canada’s GDP started 2025 on a strong note, but February brought a sharp pullback, with growing tariff risks and ongoing uncertainty continuing to cloud the Bank of Canada’s policy outlook.

Brett Surbey