Experts are expecting another interest rate hike this month here is what that means for homeowners

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Economists are predicting Canadians might see another interest rate hike next week and say homeowners who are already financially vulnerable will have a tougher time making mortgage payments.

Robert Hogue, assistant chief economist at the Royal Bank of Canada, told on Thursday that he is anticipating a hike of 25 basis points to be announced by the Bank of Canada on July 12.

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