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Bank of Canada Announces Prime Rate Increase

As expected prime rate increased a quarter percent this morning. This affects variable rate mortgage holders $13/month per $100,000 mortgage balance as well as home equity line of credit holders. No changes to fixed-rate mortgages.

https://www.bnnbloomberg.ca/bank-of-canada-raises-key-rate-to-1-75-1.1157338?fbclid=IwAR3TV-nRApNEhbPWMyx4vIcN1v7jFNWPW8ORjEO45nlsoBAhJYMj2eqqwGM