The Bank of Canada held rates steady today, as expected, highlighting “trade policy developments” as an “important and growing source of uncertainty for the global and Canadian outlooks.” As the seventh round of NAFTA negotiations commenced in Mexico City, President Trump dropped a bombshell late last week, threatening to impose a 25% tariff on imported steel and a 10% tariff on imported aluminum for national security reasons. The news reverberated around the world, causing U.S. trading partners in Europe to announce potential retaliatory actions quickly. The European Union raised the stakes for Trump by aiming levies on the GOP heartland, saying…
Rates are Rising
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Many banks and mortgage lenders have hiked their 5-year fixed rates.
Jencor still has 2.99% 5-year fixed rates for insured or uninsured purchases,
refinances and pre-approvals, 90-day rate holds, also a 12-month rate hold
for new construction properties.
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