Variable mortgage rates stall above fixed rates – what should borrowers choose?
Canada’s economic outlook remains clouded by ongoing trade tensions with the U.S., as uncertainty surrounding tariffs continues to complicate forecasts. The volatility has been heightened by former President Trump’s shifting stance on trade, which has resulted in a confusing pattern of new tariffs followed by exemptions. An initial wave was paused in early February, with further pullbacks taking place through March and April.
This unpredictability makes it challenging to anticipate the Bank of Canada’s next move. As Karn Toor of BlueShore Financial put it: “It’s really hard to say what the Bank will do, especially when there are new headlines coming out from the White House every week and the reality is that these headlines affect the market in real time. I think due to that volatility it’s hard to predict what’s going to happen in the next rate cycle and decision.”
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