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“Higher mortgage costs set to depress already 'bleak' housing market Variable rate mortgages will increase immediately as lenders hike their prime rates The Bank of Canada just hiked its trendsetting policy rate for the first time in three years, and that…”

“Canadians can expect higher mortgage rates, stronger returns on GICs With global bond yields surging to multi-decade highs, a previously mundane corner of the financial world is now a hot topic on Wall Street.”