Canada's banking regulator to make announcement on mortgage stress test

Canada's banking regulator is expected to make an announcement regarding the interest rate used in a key stress test for uninsured mortgages this morning. As inflation remains hot, the cost of borrowing has skyrocketed for Canadians. The Offer newsletter: Sign up for curated coverage of Canadian real estateThe Bank of Canada has hiked its key interest rate seven consecutive times since March, bringing it to 4.25 per cent -- the highest rate since January 2008. Before the central bank's aggressiv