The Bank of Canada isn't in the habit of hiking, pausing, hiking, pausing and hiking some more. If the past is any guide, it prefers to make necessary adjustments to monetary policy in tight bunches.

“A record 95% of new mortgages in June 2023 were fixed-rate,” reported National Bank Financial’s Daren King on Tuesday. This all-time low for variable market share sharply contrasts with the months preceding prime rate's uphill journey. Back then—just 18-24 months ago—up to 57% of mortgagors took their

The world's most influential bond, America's 10-year Treasury, is making a brisk run for its 4.34% October high (chart above). That's raising the stakes for beleaguered borrowers on both sides of the border. This latest yield sprint comes on the heels of: