In todays show we talk about the Bank of Canada and its Rate Decision, We also look at the IMF and a recent study they released. We also look at CMHC, thats Canadian Mortgage & Housing Corporation and why they say the Canadian economy can’t afford any more rate hikes, so buckle up, this a good one.

How the rate hike will affect your variable mortgage
IMF Reports high levels of household debt & large share of borrowing issued at floating rates are more exposed to higher mortgage payments resulting in a higher risk of defaults in Canada
46% of respondents in a CMHC said they must adjust their household budget.

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Bank Of Canada Rates Go Up & Consumer Sentiment Goes Down