Today’s post explains how trigger rates work, dispels fears that they will lead to a US-styled meltdown, and outlines options for borrowers who are hitting them.
Canadian inflation levelled off last month. While we all hope it will resume a downward path soon, there are signs that it may take longer than expected.
In today's post I cover the Fed's latest rate hike and the blockbuster Canadian jobs report, and I explain why inflation will likely prove stickier than expected.
This post explains why I expect the Bank of Canada to hike by another 0.75% this Wednesday, and it outlines the implications for Canadian mortgage rates.