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Here’s how a Trump trade war could affect the Canadian housing market.

Original article via BuzzBuzzHome.

Last week, the Trump administration announced plans to introduce global tariffs on steel and aluminium. The news came in the midst of ongoing — and difficult — negotiations to save NAFTA. But what does all this political turmoil mean for the Canadian housing market?

Well, for one thing, it seems unlikely that interest rates will go up any time soon. The Bank of Canada will decide whether or not to hike the overnight rate this Wednesday.

The overnight rate affects mortgage rates — when it goes up, so do they.


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