2 Reasons Canadian Mortgage Payments Could Skyrocket
Bank economists are convinced that the Bank of Canada (BoC) will announce a 3/4s of a percentage point hike on July 13, 2022. Josh Nye, a senior economist with RBC Economics, believes that Canadian policymakers will follow the moves of their U.S. counterparts. Avery Shenfeld and Andrew Grantham, economists at CIBC, shares the same sentiment and said the…