Inflation Is Rising. Rates Aren't Dropping. What’s Next?

Is Canada headed for a rate hike nobody saw coming? In this episode of Make Money Count, Marcus and Justin sit down days before the Bank of Canada's June 10th meeting to break down exactly what's happening with interest rates, inflation, and your mortgage renewal. We break down: Why a rate cut on June 10th is basically off the table How Canada ended up in a recession with inflation still rising What the Strait of Hormuz has to do with your mortgage rate Why your bank's renewal offer is likely insulting and what to do instead What the big banks are actually forecasting for rates in 2026 and 2027 Why 40% of Canadian mortgages renewing this year is a bigger deal than most people realize This episode isn't about panic. It's about being informed, prepared, and ahead of the people who just sign whatever mortgage renewal their bank sends them. Watch till the end. The mortgage market is shifting and the decisions you make in the next few weeks could follow you for the next three years. ► Subscribe for new videos every week - http://www.youtube.com/@Cannect and hit the notification bell to stay updated on our weekly insights into financial markets, mortgages, and economic trends. 👍 Enjoyed the video? Hit the like button and comment with your thoughts and questions! Your feedback helps us tailor our content to your interests. Thank you for watching! Don't forget to subscribe for more in-depth discussions on finance, mortgages, and economic insights. Remember, at Make Money Count, we break down complex financial topics to help you make informed decisions. 📊 Connect with us: TikTok: https://www.tiktok.com/@cannect.ca Facebook: https://www.facebook.com/cannecthomefinancing Twitter: https://twitter.com/CannectLoans Instagram: https://www.instagram.com/cannect.ca/ LinkedIn: https://www.linkedin.com/company/cannect-home-financing Enjoy the Most Recent Videos of Cannect Can Rate Cuts Fix Toronto's Housing Affordability? https://youtu.be/SIHUI5c5poA Bank of Canada Interest Rate Cuts: https://www.youtube.com/watch?v=thkOy5cGTfc Blood Bath in the Canadian Condo Market? https://www.youtube.com/watch?v=840vA0MOxlY&t=1s Jeff Bezos Investing in Mortgages? https://www.youtube.com/watch?v=fGVmF15OJPc&t=2s Should you say yes to "B" deals | How Canadian Banks Rob Us Using Collateralized Mortgage Charges - https://www.youtube.com/watch?v=VNHYLCRcp44&t=856s Why Canadians Should Choose Variable Rate Mortgages Now? https://www.youtube.com/watch?v=aXoBYfuyOCs&t=2s