rates move up slightly

this past few weeks we have seen the fixed interest rates spike by approximately 35 basis points (.35%)
Variable rate mortgages have dropped a bit as they are now available at prime less .10bp (2.25-.10)
the spread between a fixed 5 year and a 5 year variable is approximately 2%.
4.19 fixed versus 2.15%
The bank of Canada - has expressed concern with the rapid rise of the Canadian dollar - but what can they do ? - if the US raises rates - perhaps the Canadian dollar would drop as investors chase the higher yield - but for now it would appear we are deemed to be a gold and petro currency.
We definitely live in interesting times

greygoose out.