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13min chapter
Provincial Governments Urge Bank of Canada to Stop Rate Hikes
The Loonie Hour
Conversion of Rates and the Impact on Banks
The hosts discuss the conversion of rates at the top of the cycle and how it affects rate hikes. They explore options like switching to fixed rate mortgages or selling properties. Non-conforming loans are identified as a growing concern for banks, with exceptions for those with floating rate mortgages.
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