Most Canadian mortgage shoppers seldom ponder how U.S. politics could shock their borrowing costs. Depending on how Tuesday's presidential election goes, they probably should.
The bond market has been warning about this election's fiscal risks since September. It's all starting to look like a slow-motion train wreck, except the train is filled with mortgage rates.
In the analysis that follows, we examine whether Trump or Harris could indirectly hike Canadians' mortgage bills.
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