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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

BETTER DWELLING: Canadian Mortgage Rates Set To Rise As Yields Go “Higher For Longer”: BMO


Canadians have seen mortgage interest costs climb sharply, and they’re going to need to get used to it. The Government of Canada (GoC) 5-year bond yield opened at a multi-year high on Friday, hitting levels last seen in 2007.

It’s not the only bond yield popping higher, and that means mortgage borrowers should brace for even higher costs. Those hoping for relief may be disappointed, as global yields climb and economists see borrowing rates heading “higher for longer" ...

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