The Bank of Canada’s interest rate affects everything from your savings account to your mortgage payments. Learn more in this short video.
Think of the Bank of Canada (BoC) as the “influencer of all influencers” when it comes to interest rates. Banks and other financial institutions follow its lead. Learn more about how the BoC’s overnight interest rate impacts you in this short video, featuring MoneySense executive editor Lisa Hannam.
How the Bank of Canada’s interest rate affects you
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