Surging bond yields add to Canadian homeowners' mortgage pain as renewals loom

The roughly 75,000 Canadian homeowners awaiting mortgage renewal notices next month are bracing for a shock interest rate jump due to a surprise global bond rally, which will further squeeze already tight household budgets.

Oct 7, 2023 - 16:30
Surging bond yields add to Canadian homeowners' mortgage pain as renewals loom
The roughly 75,000 Canadian homeowners awaiting mortgage renewal notices next month are bracing for a shock interest rate jump due to a surprise global bond rally, which will further squeeze already tight household budgets.