Homeowners with mortgages to get short-term relief, but future Bank of Canada rate hikes a ‘looming’ fear

Homeowners with mortgages to get short-term relief, but future Bank of Canada rate hikes a ‘looming’ fear

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Borrowers will get some relief after the Bank of Canada kept its key lending rate steady on Wednesday, but the housing market is not expected to rebound as quickly as it did in the spring as the central bank left the door open for further interest rate hikes. In announcing that its benchmark…

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