Random number generator came up with 3.1%https://www.bnnbloomberg.ca/bank-of-canada-more-likely-to-raise-rates-after-hotter-than-expected-gdp-report-economists-1.1927026
Hahaha turns out experts have no clue whats going on. Interest rates SHOULD have been higher in Q1. Another policy error on BoC part. OSFI should be ENFORCING prudent lending standards - no negative amortization.
Every rate increase adds to the Bank Reitmans while discouraging new competitors, hurting existing competitors with debt and allows PENN physical store expansion great lease rates / locations.