The Tuesday news briefing: An at-a-glance survey of some top stories
Highlights from the news file for Tuesday, Nov. 15.
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RBC HIKING MORTGAGE RATES: Royal Bank is raising its mortgage rates and making it more expensive for homebuyers who want to take more than 25 years to pay back their loan. The bank is raising its special offer for a five-year fixed rate mortgage to 2.94 per cent, an increase of 30 basis points. The hike comes amidst a selloff in the bond market and recent federal mortgage rule changes that have made it pricier for banks to get access to cash. The changes take effect Thursday.
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