Canadians need to plan for a period of spiking rates. Here's what to know
The Bank of Canada will decide today whether to continue raising interest rates, and will issue its latest predictions for the Canadian economy. Canadian bank notes are seen, in Ottawa on Wednesday, September 6, 2017. THE CANADIAN PRESS/Adrian Wyld
With the amount of debt Canadians carry and the state of housing markets in our largest cities, interest rates might be the most important financial factor that we regularly ignore. For almost a decade, that was fine. But they’ve just been raised for the fourth time in the past 12 months, and they probably won’t stop here. Canadians need to plan for a period of spiking rates that will impact everything from mortgages and lines of credit, to student loans, savings accounts, and investments. Veteran business and personal finance journalist Bryan Borzykowski gets us up to speed.
Learn more at The Big Story.
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Here’s how to get your free ticket to attend the MoneyShow Canada Virtual Expo.
The recent Ahamed v. The King decision by the Tax Court of Canada highlights risks for investors who trade...
The popular rewards program reassures its members that their Air Miles balances won’t be affected. We hope they go...
While $1.7 million is a big number, it’s possible to retire in Canada on that amount, if you start...
Sponsored By
Harvest ETFs
How does your credit card debt stack up against the average Canadian’s? Find out as we dive into how...
If you’re wealthy enough to be retired or semi-retired, you’re probably well positioned to consider a hybrid investing strategy...
Our Retired Money columnist talks of the importance and lessons investors can glean from Franklin Templeton’s charts of Annual Returns of...
Packed with insights, advice and news, these top newsletters will make you feel more informed and confident about your...
