This is a Policy choice by the Canadian government. Instead of tackling the root cause, which is obscene corporate profiteering, we get to pay, again, for products and services we have already paid for many times over. In, fucking, sane.
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Posthaste: Chances of 75 basis-point rate hike from the Bank of Canada just went up\u0027The chance of the Bank of Canada following through with its hint of a larger 75 bp interest rate hike in July have risen\u0027 This guy is incompetent- he should have raised rates last year, the horse has left the barn. He is just going to cause a recession. Yay recession! Good thing Trudeau borrowed all that money to spike the housing market so it can fall and put everyone in negative equity!
Source: nationalpost - 🏆 10. / 80 Read more »
Canadian homeowners feeling the pinch of rising rates: Manulife Bank debt surveyCanadian homeowners feeling the pinch of rising rates: Manulife Bank debt survey — via financialpost financialpost If interest rates were not already at historic lows perhaps we wouldn’t be in this pickle… financialpost But they’ve barely raised and aren’t even at pre-pandemic levels. Anyone that got a variable rate mortgage instead of fixed rate at such low rates over past couple years is a moron too
Source: VancouverSun - 🏆 49. / 61 Read more »