Amid a drop in inflation, there’s speculation from some financial analysts that the Bank of Canada may start to lower the country’s benchmark interest rate, however one economist is warning that even with the possibility of cuts, homeowners should expect “big increases” to mortgage rates. “It’s very unlikely we’re going back to the zero interest rates that we were at,” David Macdonald, a senior economist at the Canadian Centre for Policy Alternatives, told Your Morning’s Anne-Marie Mediwake on Tuesday. “Frankly, that’s way higher than most Canadians are used to.” The Bank of Canada has been consistently hiking its benchmark interest rate since March 2022 and Macdonald says most Ca
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