Here is a quote from the article: “ The Bank of Canada raised its benchmark interest rate to 1.25 per cent Wednesday and signalled that, b arring certain risks, more hikes are likely in the rest of the year. ... Even before Wednesday’s decision, five of the country’s largest banks hiked five - year fixed rates 15 basis points to 5.14 per cent last week. (CIBC is still offering 4.99 per cent.) ” What specific argument of the modern finance theory would you subscribe to explain the behavior of the five largest banks, which raised their mortgage rates by 15 basis points even before the Bank of Canada’s announcement on Wednesday?