Rbc has just raised its rates !!!!!40 BASIS POINTS!!!!! just like that. The nerve of them, without even asking "Mother May I?" Maybe the banks have had it with this approach, maybe they just see some future risk in lending in Canada's real estate environment. Will be interesting to see who if anyone follows suit. Do you think mortgage payers will begin to feel uncomfortable as mortgages come up for renewal? This is how banks hold people up for ransom, which of course is what they are entitled to do. Great system, eh?