Did the Bank of Canada go too far in raising interest rates? Tal from CIBC thinks so.
There is a strong case to be made that the Bank of Canada has raised rates too high. This is according to CIBC Deputy Chief Economist Ben Tal, who says...
‘Highly flexible’ variable borrowers face latest test as prime rate rises to 7.20%
Variable-rate mortgage borrowers, who have already seen interest costs rise more than 70% over the past year, took another hit last week as the base rate hit a 22-year high...