banks

RBC, TD, CIBC hike mortgage rates ahead of Bank of Canada rate decision

April Fong , of  BNN.ca Staff writes; Royal Bank of Canada and Toronto-Dominion Bank raised their posted five-year fixed mortgage rates, increasing borrowing costs for Canadian homebuyers ahead of the Bank of Canada’s interest rate decision next week. RBC raised its posted five-year fixed rate by 15 basis points to 5.14 per cent, with more rate hikes across the board. “Rate changes...

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