Bank of Canada Expected To Hit Market With Two More Rate Hikes: BMO
Bank of Canada Expected To Hit Market With Two More Rate Hikes: BMO
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Bank of Canada Expected To Hit Market With Two More Rate Hikes: BMO - Better Dwelling
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.