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.
Today's post compares the risk of borrowing at five-year fixed rates after their recent dramatic rise to the risk that five-year variable rates will surge even higher.
I expect the BoC to hike its policy rate this Wednesday, and in today's post I offer my take on whether variable-rate borrowers should respond by locking in.