Bank of Canada increasingly expected to raise interest rates this month

The Bank of Canada has not raised rates since July 2023, and a growing number of economists now expect a hike. CBC News asked me what that would mean for borrowers. My view: if a hike comes, it is likely to be the start of a cycle rather than a one-off, so the plan should account for a rising path. With Toronto-area prices softening, the question that matters is whether you qualify for the property today.