having returned - i have briefly looked at the mortgage scenario. Rates have moved up or are in the process of moving from 5.09 to 5.29% and the perception is the bank of canada will increase the bank rate and therefore the prime.....but i am not so sure - the canadian dollar has moved up and this will cause the bank to question whether they want to move up the bank rate which would in turn increase the canadian dollar even further.
I dont think they will increase the rate.....on april 24th - but its a guessing game - lets see what happens.
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