Bank of Canada Expected To Hit Market With Two More Rate Hikes: BMO - Better Dwelling
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Canadian interest rates are expected to climb further, and take mortgages rates with them according to BMO.

The Bank of Canada (BoC) surprised the market with a rate hike last week, and BMO doesn’t think it was the last one. Canada’s economy is running so hot, the market now expects at least two more rate hikes. It’ll almost certainly lead to higher mortgage rates, which will throttle demand for housing at these prices. That’s not just a coincidence.

  • zephyreks
    2·
    2 years ago

    BOC rate is still trailing the Fed rate. Sucks to have an economy tied so tightly to the US that their fiscal policy is basically exporting inflation to us.