Canada's central bank raises interest rate to 4.75% despite saying they wouldn't (as I predicted)
https://financialpost.com/news/economy/bank-of-canada-hikes-interest-rate
Which leads Canadian banks to raise their own prime rates to 6.95%
https://financialpost.com/real-estate/mortgages/rbc-raises-prime-rate-after-bank-of-canada-hike
5 year fixed rate mortgage traps about to spring in 3ish years. Tick tock. Tick tock.
Make sure you niggas have cash in hand for the wave of debt defaults. You'll be trying to outbid Blackrock and Co. once they go in for the kill.
Leaf Lord /
npub1ja…czppv
2023-06-08 17:35:33
Author Public Key
npub1jacntdqvalt27vngj9hwhjyqzppeayq7hnm2xmf7747t84yz32as4czppvPublished at
2023-06-08 17:35:33Event JSON
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"content": "Canada's central bank raises interest rate to 4.75% despite saying they wouldn't (as I predicted)\n\nhttps://financialpost.com/news/economy/bank-of-canada-hikes-interest-rate\n\nWhich leads Canadian banks to raise their own prime rates to 6.95%\n\nhttps://financialpost.com/real-estate/mortgages/rbc-raises-prime-rate-after-bank-of-canada-hike\n\n\n5 year fixed rate mortgage traps about to spring in 3ish years. Tick tock. Tick tock.\nMake sure you niggas have cash in hand for the wave of debt defaults. You'll be trying to outbid Blackrock and Co. once they go in for the kill.",
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