Just Call Ruth

The decision is in: the Bank of Canada held rates at 2.25%.

No surprise—but the reasoning matters.

Rising oil prices are pushing inflation higher short-term, but core inflation is still controlled and the economy remains soft.

For now, the Bank is holding steady… and watching closely.

If inflation spreads beyond energy, that’s when things change.

Next signal: the Fed later today.

Canada’s inflation just jumped to 2.4%—but don’t take that at face value.

Here’s what’s really going on 👇
✔️ Gas prices surged 21% in one month (yes… record move)
✔️ Inflation WITHOUT gas actually cooled
✔️ This is an energy-driven spike—not broad inflation (yet)

So what’s the risk?

If higher energy costs start spilling into everything else—groceries, services, wages—that’s when the Bank of Canada may have to step in.

For now, rate holds are expected… but that outlook can shift quickly if inflation sticks.

If you’ve got a renewal coming up, this is where strategy matters.

Mortgage renewals are coming up fast in Canada 🏡📊

And most homeowners are still stuck debating fixed vs variable — without understanding the strategy behind it.

Here’s what’s actually happening:
✔ Fixed = stability
✔ Variable = lower starting cost

Some borrowers take variable, watch the market, and lock in later.
Others effectively hedge by paying like fixed while still benefiting from lower rates.

The key isn’t guessing — it’s choosing what fits your situation. 💬

If your renewal is coming up, let’s review it properly.

Five-year prison terms handed down in one of Ontario’s biggest syndicated mortgage cases.

Nearly 800 investors misled—and accountability finally followed. ⚖️📉