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Red Alert on Fixed Rates

Mortgage Rate Alert

Borrowers have been blessed with mortgage rates that look like promotional savings rates: 1.99%, 2.25% and the like. But now, sadly, those rate bargains are in jeopardy, at least for a while. The tide of bond yields is rising, and...

Rate Surveillance: Another BoC Non...

Bank-of-Canada

An Idle Bank of Canada If you forgot about the Bank of Canada rate meeting yesterday, you’re one of many. Nobody made a big deal about it because nobody expected anything earth shattering from Poloz’s lips. The takeaway is that prime...