From Global News: Interest rates on new home loans are heading higher for borrowers at the country’s big banks, moves that will likely help ease policy makers’ concerns in Ottawa who have resorted to tightening lending rules to cool the market. Royal Bank of Canada, the country’s biggest home-loan lender, said Wednesday it is increasing interest on most new mortgages by 20 basis points, a hike that follows Bank of Montreal’s own rate bump on Tuesday.
