Mortgages, Increasing interest rates and the Canada Interest Act

The Supreme Court of Canada has weighted in on how the Canada Interest Act should be applied.  This article from the Lawyers Weekly summarizes the case:

http://www.lawyersweekly-digital.com/lawyersweekly/3551/MobilePagedReplica.action?pg=2#pg2

http://www.lawyersweekly-digital.com/lawyersweekly/3551/MobilePagedReplica.action?pg=4#pg4