BoC cautious on timing for next rate hike due to record-high household debt, Poloz says

Several of Canada’s major lenders, including Royal Bank of Canada and Toronto-Dominion Bank, raised their posted rates on fixed-rate mortgages in recent days, following sharp increases in government bond yields. RBC’s official rate on a five-year mortgage is now 5.34 per cent, up from 5.14 per cent.

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