To Lock In Or Not To Lock In, That Is The Question

To Lock In Or Not To Lock In, That Is The Question

The Bank of Canada (BoC) decided to increase their rate by another 0.50% on October 26 in their continuing effort to tame inflation. Many market watchers had been anticipating 0.75% and while this could be perceived as a slowing of these increases, many are still predicting another 0.25% to 0.50% increase in December when the BoC meets again. Although the most recent increase is in line with what we expected in our last blog post, the pain is real. Initially we were referring to the inflation situation as a once in a five year occurrence. At this point we’re referring to this as a once in a generation occurrence. Some of you will remember this but, the last time we saw anything approaching...

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