StockDuty ← Dashboard Oct 23, 2026 03:54 AM ET
CatalystMacro

WILL THE BOC HIKE NEXT WEEK ? NAIL - BITER DECISION AWAITS VARIABLE MORTGAGE RATE HOLDERS

Bank of Canada rate decision next week directly impacts variable mortgage rate holders.

What happened: Markets widely expect the Bank of Canada to raise its key interest rate at next Wednesday's decision, and variable mortgage rates would likely follow. Why it matters: Variable-rate holders would feel a hike, as lenders typically adjust floating rates with the benchmark. Some economists caution against a hike, with David-Alexandre Brassard of CPA Canada citing roughly 110,000 jobs lost this fall, slowing wage growth, weak housing and tariff-related inflation that has yet to materialize. Coverage: 3 outlets in 24h
Markets widely expect the Bank of Canada to raise its key interest rate at next Wednesday's decision, and variable mortgage rates would likely follow.
Variable-rate holders would feel a hike, as lenders typically adjust floating rates with the benchmark. Some economists caution against a hike, with David-Alexandre Brassard of CPA Canada citing roughly 110,000 jobs lost this fall, slowing wage growth, weak housing and tariff-related inflation that has yet to materialize.
Sources