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An RBC sign is seen in Toronto’s financial district in this file photo. (Mark Blinch For The Globe and Mail)
An RBC sign is seen in Toronto’s financial district in this file photo. (Mark Blinch For The Globe and Mail)

RBC hikes fixed-term mortgage rates Add to ...

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Royal Bank of Canada has hiked rates on its fixed-term mortgages amid rising bond yields and widespread anticipation that the country’s central bank will raise its benchmark interest rate next week.

RBC, which is Canada’s second-biggest bank by assets, boosted its posted rates for two-year, three-year and five-year fixed rate mortgages by 20 basis points each. (A basis point is 1/100th of a percentage point.)

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