MONTREAL — If a thought bubble were floating these days above Damien Charbonneau’s head, there’s a better-than-even chance it would read: Rate increases? What rate increases?
Like everyone, he has watched as mortgage rates went from business-as-usual bumps to an abrupt, hockey-stick spike amid the Bank of Canada’s attempts to curb inflation. Yet Charbonneau, co-founder and COO of the Montreal-based fintech Nesto, seems unworried—even though the increases are intended to tamp down demand for mortgages, Nesto’s bread and butter.
