Philotimo Wealth Management

The price of oil has been strongly correlated to the inflation rate. The price of oil has been increasing in the last month and sure enough so has inflation as the correlation remains strong at 0.851. What can you do? Let's keep an eye on this correlation and oil prices.

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The 5 year benchmark bond yield in Canada has also been increasing over the last month. The bond yield has had a strong correlation over the last 3 years with mortgage rates. Bad news for potential homebuyers and mortgage renewals as this increase would lead us to expect more increases in mortgage rates. What can you do? Get pre-approved early!

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This article was prepared by CJ Stevens and Jerry Kallitsis who are both mutual fund representatives with Investia Financial Services Inc. This is not an official publication of Investia Financial Services Inc. The views expressed in this article are those of the author alone, and are not necessarily those of Investia Financial Services Inc. The content is for informational purposes only, you should not construe any such information as legal, tax, investment, financial or other advice. All content on this site is information of a general nature and does not address the circumstances of any particular individual or entity.