Interest rate: What looming hikes mean for mortgage costs - CTV News

With the Bank of Canada's key interest rate target expected to rise this year, experts point to the cumulative impact this will have on Canadian homeowners, particularly those with variable-rate mortgages.

Despite the Bank of Canadas key overnight interest rate target holding steady at 0.25 per cent, the bank has signalled that interest rates are expected to rise, and soon. An increase in the cost of … [+8022 chars]

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