By Savio Vaz It’s important to remember that interest rates are still very low. However, the tide may be slowly turning. In June we saw the messaging from Bank of Canada shift dramatically. Now in July, we are seeing the first rate increase in seven years. This increase was widely expected by most economists. Why is this happening now? The past rate cuts put into place to support the economy against falling oil prices seem to have done their job. It’s time to move off these emergency low rates and get back to a normalized rate environment. Should you lock into a fixed…