Bank of Canada hikes interest rate to 2.5% -biggest jump since 1998 Social Sharing
Canada’s central bank raised its benchmark interest rate by a full percentage point to 2.5 per cent. That’s the biggest one-time increase in the bank’s rate since 1998.
OSFI sets new mortgage rules, including stress test for uninsured borrowers
New mortgage rules unveiled by OSFI on Tuesday will require even those who don’t need mortgage insurance to have their finances stress tested at higher rates.
