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June 2017

Found 1 blog entry for June 2017.

What a difference a month makes. 

In late May, the Bank of Canada (BoC) announced a scheduled rate decision and barely an eyebrow was raised among traders and economists alike. At the time, there appeared to be no urgency to move rates (either way), and most observers expected any prime rate increases would come well into 2018, if at all. Our own take largely reflected this, and we even went so far as to say "...there may be some downward pressure on fixed rates over the next few weeks, especially for the 5 year term". Well, frankly, that prediction is looking very wrong. 

Over the last couple of weeks, and particularly the last several days, there has been commentary from various Bank of Canada officials that imminent rate hikes are firmly on the

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