Leaf Lord on Nostr: Canada's central bank raises interest rate to 4.75% despite saying they wouldn't (as ...
Canada's central bank raises interest rate to 4.75% despite saying they wouldn't (as I predicted)
https://financialpost.com/news/economy/bank-of-canada-hikes-interest-rate
Which leads Canadian banks to raise their own prime rates to 6.95%
https://financialpost.com/real-estate/mortgages/rbc-raises-prime-rate-after-bank-of-canada-hike
5 year fixed rate mortgage traps about to spring in 3ish years. Tick tock. Tick tock.
Make sure you niggas have cash in hand for the wave of debt defaults. You'll be trying to outbid Blackrock and Co. once they go in for the kill.
https://financialpost.com/news/economy/bank-of-canada-hikes-interest-rate
Which leads Canadian banks to raise their own prime rates to 6.95%
https://financialpost.com/real-estate/mortgages/rbc-raises-prime-rate-after-bank-of-canada-hike
5 year fixed rate mortgage traps about to spring in 3ish years. Tick tock. Tick tock.
Make sure you niggas have cash in hand for the wave of debt defaults. You'll be trying to outbid Blackrock and Co. once they go in for the kill.