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Variable-rate mortgages with fixed payments: Examining trigger rates

We estimate the share of variable-rate mortgages with fixed payments that reached the so-called trigger rateโ€”the interest rate at which mortgage payments no longer cover the principal. Amid rising interest rates, this share was close to 50% at the end of October 2022 and could potentially reach 65% in 2023.
National Bank Toronto Dominion Bank Renewal Risk For Mortgages Bank Canadian Imperial Bank Bank Governing Council Financial Consumer Agency Of Canada

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Travel bubbles within region, in countries to aid tourism revival

CREATING travel bubbles within the region and within Asia Pacific countries could help revive the tourism industry, according to the ASEAN+3 Macroeconomic Research Office (AMRO). In its latest Analytical Note, AMRO said creating these regional tourism corridors or bubbles in the Asia Pacific region would help make up for the…
Asia Pacific Macroeconomic Research Office Development Unctad World Travel Tourism Council Research Office Analytical Note

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