Rising Rates: What should I do? Fixed or Variable?

Rising Rates: What Should I Pick? Fixed or Variable? Today, the prime rate is at 3.70%, with consumers becoming increasingly anxious about the Bank of Canada continuing to hike interest rates to battle the inflation rate of 7.7% (vs 2% target).  Most 5-year fixed-rate mortgages are already over 5%. That means the client’s stress test […]