Bank of Canada: Debt Warning. Variable Rate Mortgage holders CRYING!

Bank of Canada: Debt warning. Variable rate mortgage holders crying. The Bank of Canada has hiked interest rates to 4.75% taking me and the bond market by surprise. Yields have absolutely surged to near-new highs. Variable-rate mortgage holders are in a risky position and even the Bank of Canada is worried about debt loads. Using broken measures they hiked the interest rate anyway. Don't fight the Bank of Canada as a bull trap in the housing market and real estate market are in full swing. Will there be a recession and cuts by the end of 2023?
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