To help keep communities safe, bank digitally if you can. Tomorrow we're temporarily reserving opening hour at Canadian branches for seniors, those who need extra assistance and populations with greater health risk with urgent in-person banking needs. https://t.co/d58lA3Y2Xl
Canada's 5yr swap rate—a good proxy for base 5yr fixed funding costs—has vaulted 30 bps in just a week. That's what they call inflationary for fixed mortgage rates. A few lenders have already announced hikes. More to come. Src: @bloomberg