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Canadian home buyers pile into variable loans, blunting impact of rising fixed rates

A recent move by major Canadian banks to increase fixed mortgage rates on the back of surging bond yields is unlikely to slow the country's red hot housing market, as more than half of new borrowers take out variable-rate loans that are the cheapest they've ever been.
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Ryan Bushell's Top Picks: May 10, 2021

JoAnne Feeneys Top Picks: May 14, 2021 A day in the life of Wall Street shows NYC at cusp of comeback More than US$1.3 billion worth of art sold this week in NYC Robert McWhirters Top Picks: May 13, 2021 Paul Harris Top Picks: May 12, 2021 Feds Clarida plays down significance of rising inflation Stocks slide for second day; treasury yields rise The options market may be fueling the turbulence in tech shares Bruce Campbells Top Picks: May 11, 2021 Upstart crypto exchange FTX surges toward top of...
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