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“This was hardly surprising given the latest jump in fixed mortgage rates, and with the Bank of Canada now widely expected to follow with a rate hike before the end of the year,” said Shaun Cathcart, CREA’s Senior Economist.”

“OTTAWA - Traders are increasingly betting that the Bank of Canada could end its string of interest rate holds and deliver a hike as early as next month.”

““What has changed is the broader economic environment, with the Bank of Canada recently warning of rising inflation risks, along with doubts about the durability of recent economic growth.”