Waiting on Bank of Canada

Of the 19 major economists in Canada, all 19 of them expect that the Bank of Canada will raise its lending rate by 1/4% tomorrow. Depending on how the statement reads, the hike could affect mortgage rates. If its tone is easy and safe there could be a drop in yields. A more confident tone could lead to a rise in yields. A drop would be good for mortgage rates, a rise, not so good.

Fingers crossed.