RE:RE:RE:REITs smell BoC Rate HikeJust look at the latest market participants survey:
https://www.bankofcanada.ca/2023/04/market-participants-survey-first-quarter-of-2023/
The problem is that the economy in Canada isn't strong enough to support higher rates. A lower dollar helps exportations at the cost of importations, so it makes sense to keep the rates as is or lower. For inflation, we're dependant on the international markets unless we hike the CDN dollar and hurt exports.
For those reasons, as expected from the survey, it's likely peak rate in Canada and eventually we'll see rates go down, depending on how fast/slow the economy cools off.