 With the Bank of Canada holding rates steady this April, the same is not the case for the bond market, which impacts fixed rates.
In every interest-rate market there are many factors leading to and increase and we are hoping to provide a little bit of clarity on what is happening and what it means to you and your loved ones.
At this time, we see fixed rates increasing as the bond market increases, and our economists anticipate two more Bank of Canada increases of prime rate by the end of 2018.
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