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Bank of Canada hikes as expected...

Here come the rate hikes…Bank of Canada raised the rate 25 basis points to 0.5% as expected after GDP growth numbers came in above expectations.  We’ve had the lowest interest rates in history for 13 months so we’ve been a bit spoiled...pretty much knew there was nowhere to go but up!  What about mortgage rates?  Variable mortgage rates will begin to rise of course, but longer term rates will sit tight as they look more towards the bond market…     



 

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