TSX:CAR.UN - Post by User
Comment by
AlwaysLong683on Jul 14, 2022 2:00pm
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Post# 34824766
RE:RE:RE:Rent increased 2.5% max in Ontariowe
RE:RE:RE:Rent increased 2.5% max in OntarioweYeah, the 100 basis point interest rate increase by the BOC yesterday is really throwing markets for a loop. Most were expecting "only" a 75 bps increase. The big Canadian banks are taking quite a hit to their share price even though higher rates are typically good for them as they can increase the rates they charge on mortgages and other loans, but I suspect the market fears an increased risk of loan defaults and higher credit loss provisions outweigh the potential increase in bank revenues.