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.
The BoC hiked by another 0.50% last week, and its policy statement was more hawkish than expected. In today's post I offer my take on how high the Bank will go.
The consensus expects the BoC to hike by 0.50% at its next meeting. Today's post offers my take, and also explains how fixed payment variable-rate mortgages work.