Interest Rates – Cut or No Cut?

Truth is, no one has any clue. Here’s a Globe article with “experts” guessing the Bank of Canada will hike rates this spring. Read on and you’ll find others saying they’ll cut rates. The next Bank of Canada meeting is January 16, and it should be a non-event. Your best bet? Go with a variable rate mortgage and lock in if they hike more than 1/4%.