Here’s what the latest Bank of Canada interest rate hike means for mortgages

BNN Bloomberg’s Paul Bagnell explains why the Bank of Canada increased its overnight rate by 25 basis points. Subscribe to CTV News to watch more videos: Connect with CTV News: For the latest news visit: For a full video offering visit the CTV News Network: CTV News on Facebook: CTV News on TikTok: CTV News on Twitter: CTV News on Instagram: CTV News on Reddit: --- CTV News is Canada’s most-watched news organization both locally and nationally, and has a network of national, international, and local news operations.