“Mortgage Meltdown Alert: How Bank of Canada’s Record Tightening Campaign is Shaking Lenders’ Confidence”
Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers leave after holding a press conference at the Bank of Canada in Ottawa on Wednesday, July 12, 2023. THE CANADIAN PRESS/Sean Kilpatrick The Bank of Canada’s interest rate hike on Wednesday and prospects of more increases heighten risks to mortgage lenders as homeowners are likely stay in debt longer, struggling to […]