Prime rate reaches 22-year high of 6.95% and could rise further as rate-hike expectations grow

Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year high of 6.95%. 

Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year high of 6.95%.  Mortgage Rates & Mortgage Broker News in Canada 

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