Hey Reader, The announcement that moves markets. Eight times a year, the Bank of Canada announces its overnight lending rate. Financial news goes wild. Your social media fills up with takes. But what does it actually mean for your mortgage payment next month? The short answer: it depends on what type of mortgage you have. Variable rate mortgages: Direct impact If you have a variable rate mortgage, your rate is directly tied to the prime rate — which typically moves in lockstep with the Bank...