Rachel MacInnes

3 Likes, 0 Comments - Greater Vancouver Realtor | Rachel MacInnes YVR (@rachelmacinnes.homes) on Instagram: "Mortgage Rate Notice: Canadian consumer price pressures eased in January, leaving the Bank of Canada some room to hold interest rates at current levels next month even after a blockbuster jobs report. The deceleration in inflation suggests policymakers have raised rates enough to restrain price gains, giving support to their decision to pause an aggressive rate-hiking cycle, at least in the near term. The consumer price index rose 5.9 per cent from a year ago, Statistics Canada reported Tuesday in Ottawa, a smaller rise than the 6.1 per cent increase expected in a Bloomberg survey of economists and down from 6.3 per cent in December. On a monthly basis, the index rose 0.5 per cent in January, versus expectations of 0.7 per cent. Bonds rallied after the release, pushing the benchmark two-year yield as low as 4.149 per cent, before paring gains. The Canadian dollar dropped as low as $1.3529 per US dollar. Two key yearly measures tracked closely by the central bank — the so-called trim and median core rates — edged lower, averaging 5.05 per cent from an upwardly revised 5.25 per cent a month earlier. Economists were also expecting a reading of 5.05 per cent. “The Canadian data is showing clearly — surprisingly — a more disinflationary trend at the beginning of this year, and for sure that will comfort the Bank of Canada going into the March decision,” Dominique Lapointe, director of macro strategy at Manulife Investment Management, said on BNN Bloomberg Television. Inflation in services, which is one of the key figures policymakers are watching, eased to 5.3 per cent, from 5.6 per cent in December. As reported by BNNBloomberg Photo credits: mimipic photography jon Nathon Emrecan Arik Spacejoy #yvr #ladner #tsawwassen #ladnerisawesome #tsawwassenisawesome #vancouverrealestate #vancouver #vancouverrealtor #ladnerisaplace #ladnerbc #tsawwassen #southdeltarealestate #southdelta #604realestate #604 #realestate #realtorsofvancouver #southdeltalocal #businessbc"