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On June 7th 2023 The Bank of Canada raised the overnight lending rate by 0.25%, bringing mortgage prime rates at most Canadian lenders to 6.95%. Conservative Opposition Leader Pierre Poilievre and Liberal Prime Minister Justin Trudeau then debated whether or not current levels of deficit spending are appropriate given the cumulative impact that monetary policy decisions are having on Canadian families and borrowers. #mortgage #canadianrealestate #canadianmortgage #canadianrealestate #mortgagerat
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