National

Royal Bank To Hike Some Mortgage Rates Starting Friday

The Canadian Press, 06 Jan, 2016 12:02 PM

TORONTO — One of Canada's biggest lenders will be raising rates on several of its mortgages starting Friday.

Royal Bank of Canada says its special offer five-year fixed mortgage goes up one-tenth of a point to 3.04 per cent.

It noted that the changes don't apply to its posted mortgage rates, which are typically higher than special offer rates.

Several other special offer mortgage rates from RBC will also rise by 0.10 per cent on Friday but the amount of annual interest charged will depend on whether the term is for two, three or four years.

RBC (TSX:RY) is also raising the rate for a variable five-year mortgage by 0.15 per cent as of Friday.

Prev Next

MORE National ARTICLES

PM Justin Trudeau Said Willing To Look At That Voting Ban For Long-Term Expats

In an interview from the U.K., Laura Bailey says she met Trudeau at a reception at the Canadian High Commission on Nov. 25 as he moved through the crowd and shook his hand.

PM Justin Trudeau Said Willing To Look At That Voting Ban For Long-Term Expats

Former Tory James Moore Opposed As Next Chancellor Of B.C. University

The petition, posted Friday by an anonymous senator from the Prince George, B.C.-based university, had topped 1,000 signatures by early Tuesday.

Former Tory James Moore Opposed As Next Chancellor Of B.C. University

Governor General David Johnston Calls Arrival Of Syrian Refugees A 'Defining Moment' For Canada

OTTAWA — Gov. Gen. David Johnston issued a rallying cry Tuesday for Canadians to welcome refugees who are fleeing the conflict in Syria, calling Canada's response to the crisis a "defining moment" for the country.

Governor General David Johnston Calls Arrival Of Syrian Refugees A 'Defining Moment' For Canada

Federal Shortfalls On Track To Be $10.8 Billion Bigger Than Forecasts: Watchdog

The government is on track to deliver annual shortfalls that will be as much as $10.8 billion higher than expected, the parliamentary budget office said Tuesday.

Federal Shortfalls On Track To Be $10.8 Billion Bigger Than Forecasts: Watchdog

Canada Rebounds With 2.3 Per Cent Quarterly GDP Growth, But Weakness Persists

OTTAWA — Canada has climbed out of the recession that nudged the economy into reverse over the first half of 2015 — but a rebound in growth during the third quarter has already shown signs of lost momentum.

Canada Rebounds With 2.3 Per Cent Quarterly GDP Growth, But Weakness Persists

India's 'Real Dirt' Lies In Minds, Needs A Clean-up: President Pranab Mukherjee

President Pranab Mukherjee here on Tuesday exhorted people to go strongly with Prime Minister Narendra Modi's Swachh Bharat Mission but ensure the society was first cleansed from within as evinced by Mahatma Gandhi through his life.