TRIGGER RATES? TRIGGER POINT? re: Variable Rate Mortgages – A simple, definitive guide from David Larock

Dave The Mortgage BrokerIn the 11/28/2022 edition: Canadian Mortgage Primer: All About Trigger Rates By David Larock on Nov 28, 2022 03:05 pmThe term “trigger rate” has been dominating mortgage headlines of late. Today’s post will explain how they work, assuage fears that they will trigger a US-style housing meltdown, and outline options for borrowers…

WHO/WHAT is the “Governor in Council” that the Emergencies Act talks about 26 times? why? because that Office is not authorized by our BNA/Constitution Act 1867!

“But Lametti and other federal government officials have said the cabinet — as the key decision-maker in invoking the act — can interpret the same definition more broadly when declaring a national emergency.” Excerpted from https://www.thestar.com/politics/federal/2022/11/23/david-lametti-anita-anand-omar-alghabra-set-to-appear-at-the-emergencies-act-inquiry.html Much to many Canadians’ surprise, the Emergencies Act authorizes secret Executive action (i.e.without Parliamentary or any oversight at all…

“black box of what has turned out to be a central issue before the (reasonableness to invoke Emergencies Act) hearing.”: Gordon Cameron, lawyer FOR the inquiry – even  TorStar knows it stinks!

Justice Minister David Lametti refuses to reveal key advice behind decision to use Emergencies Act Newly released text messages reveal Canada’s justice minister explored using the Emergencies Act on the very first weekend of the “Freedom Convoy” blockade of Ottawa. By Alex BallingallOttawa BureauTonda MacCharlesOttawa Bureau Wed., Nov. 23, 2022\ 6 min. read OTTAWA — Justice Minister…

Transitory — gets re-re-re-Defined by former B of Cda Gov Stephen Poloz (‘They told me to keep rates low-low – Tiff {was so glad to get the job that} did so too’)

Link to ad-ravaged FP article When inflation jumped out of the Bank of Canada’s comfort zone in the spring of 2021, governor Tiff Macklem assured Canadians that price pressures would be “transitory.” Then, in November, when the year-over-year increase in the consumer price index surged to 4.7 per cent, he told CTV News that inflation…