Job losses could spike Defaults may surge Liquidity could dry up—making credit hard to access

WARNING from the Bank of Canada: 60% of Canadians will face much higher mortgage rates over the next 12 months

By News on the Net -- Marc Nixon——Bio and Archives--May 8, 2025

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WARNING from the Bank of Canada:

60% of Canadians will face much higher mortgage rates over the next 12 months
Job losses could spike
Defaults may surge
Liquidity could dry up—making credit hard to access

When the BOC provides a warning ‼️
This could get UGLY pic.twitter.com/UuFj8QkBnI
— Marc Nixon (@MarcNixon24)May 8, 2025

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