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Mortgage Hike Coming? – City TV News

When the Bank of Canada was on the brink of announcing a 0.25 percent interest rate increase—the first time Canada has seen an increase in seven years—City News went to Credit Canada CEO, Laurie Campbell to get her take on how this would affect Canadians’ financial lives. Cristina Howorun ask for advice from Laurie Campbell, CEO of Credit Canada Debt Solutions Inc. about whether or not homeowners should try to opt into a locked-in mortgage rate.