The Bank of Canada has raised it’s key lending rate .25% as projected.  This is the 3rd increase as it has moved its benchmark rate from the once record lows last summer. Bank prime will follow to 3.45% (TD has a higher prime presently) The impact for borrowers is approx $13 per 100k in mortgage amount. If you have a mortgage rate of prme minus.50 this means your new rate will likely be 2.95%.

Here is the full release from this morning and an article to note:

https://www.bankofcanada.ca/2018/01/fad-press-release-2018-01-17/

http://www.cbc.ca/news/business/prime-interest-rate-increases-1.4201403