Bank of Canada: Ready to Print

The Bank of Canada is ready to provide emergency loans to the banks if need be – this according to a recent short on the Central Bank’s youtube page. #BankofCanada #CanadianBanks #canadianeconomy Links: Canada’s Financial Safety Net: https://www.youtube.com/shorts/AFxpVMqS_ds #YouAskedUs if we printed cash to finance the federal gov’t: https://x.com/bankofcanada/status/1562801978383937537 Lender of last resort: https://www.bankofcanada.ca/core-functions/financial-system/lender-of-last-resort/ Annual Report – 2008: https://www.oar-rao.bank-banque-canada.ca/record/2745/files/BOC_Annual_Report_2008.pdf Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility: https://www.bankofcanada.ca/wp-content/uploads/2010/03/securities.pdf Emergency Lending Assistance: https://www.bankofcanada.ca/markets/market-operations-liquidity-provision/framework-market-operations-liquidity-provision/emergency-lending-assistance/ Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility: https://www.bankofcanada.ca/2025/01/assets-eligible-collateral-standing-liquidity-facility-310125/ Lenders now seeing 60-, 70-, even 90-year mortgages as Canadians struggle with rocketing interest rates: https://www.thestar.com/business/lenders-now-seeing-60--70--even-90-year-mortgages-as-canadians-struggle-with/article_91dd72d2-bfeb-578f-a72f-bc72dc1e1e74.html Real estate developers and one major bank offering blanket appraisals in scramble to save preconstruction deals: https://www.thestar.com/real-estate/real-estate-developers-and-one-major-bank-offering-blanket-appraisals-in-scramble-to-save-preconstruction/article_a551fd0a-1525-4503-9521-39cb0974432f.html Canada’s big banks have a new enemy: retirees: https://www.theglobeandmail.com/business/commentary/article-big-six-banks-osc-carp-retirees/ Rate cuts likely to revive Canada's real estate sector: https://www.bnnbloomberg.ca/video/shows/trading-day/2025/01/29/rate-cuts-likely-to-revive-canadas-real-estate-sector/ Markets Increasingly Expect a Bank of Canada Rate Hike This Month: https://www.canadianmortgagetrends.com/2022/01/big-banks-call-for-interest-rate-hikes-ahead-of-bocs-upcoming-meeting/ RBC sees first-quarter profit rise 6 per cent, but outlook is clouded by inflation and geopolitical upheaval: https://www.theglobeandmail.com/business/article-rbc-profit-climbs-6-on-gains-in-retail-banking-loans-wealth-management/ Monetary aggregates: https://www.bankofcanada.ca/rates/indicators/key-variables/monetary-aggregates/ Seniors’ association criticizes big banks for ‘predatory’ sales practices: https://www.theglobeandmail.com/business/article-carp-criticizes-big-banks-predatory-sales-practices/ COVID-19: Actions to support the economy and financial system: https://www.bankofcanada.ca/markets/market-operations-liquidity-provision/covid-19-actions-support-economy-financial-system/ Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx The Bank of Canada as Lender of Last Resort: https://www.bankofcanada.ca/wp-content/uploads/2010/06/daniel.pdf Trump’s renewed tariff threats on Canada further clouds CUSMA negotiations: https://nationalpost.com/news/canada/trump-canada-tariffs-cusma-negotiations Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.