A monthly read on where Canada's rates sit, what is moving them, and what it means for your file, from brokers who work for you, not a bank.
The Bank of Canada held a seventh time on September 2, but the 5-year Government of Canada yield rose about 40 basis points over the month. Your variable rate follows the Bank; your fixed rate follows the bond market. What that means for your fixed-versus-variable call, your renewal timing, and CMHC-insured financing.
Read the September issue