Mtg rates are determined by the spread between what a bank can fund at vs loan at. The typical Cdn mtg is a 5 yr term, so the benchmark reference is the 5Y Cda bond yield. If that spread is too narrow, mtg rates go up. That's it in simple terms. RY may have ulterior reasons for raising their posted rate and in practice for a mortgage or funding book, it's more complicated, but good enough for this thread. 5Y Cda yield chart, https://invst.ly/6bsk2 No time to superimpose "posted mtg rates." I'll leave that to you.Jeenyus1 wrote: ↑Jan 12th, 2018 9:37 amRBC increased its posted five-year fixed rate by 15 basis points to 5.14 per cent ahead of the Bank of Canada’s interest rate decision next week.
https://www.bnn.ca/rbc-hikes-mortgage-r ... n-1.966188
CAD currently at 0.799080USD and looks to have climbed up to where it was almost before NAFTA news.
Also see - http://forums.redflagdeals.com/5-year-f ... #p28556569