Interest Rate Increase

• Recession fears won’t faze Bank of Canada, economists say. Why that may be a good thing

  The Bank of Canada won't be deterred by recession talks in its efforts to bring down inflation. Economists tell Global News that's the right priority.

  Economy

  Jul 13, 2022
  
• Businesses need to boost productivity, investment to curb inflation: BoC governor

  With higher interest rates on the way for Canada, businesses should be prepared to increase productivity and invest more to help deal with the surge.

  Economy

  Feb 9, 2022
  
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• Inflation up 0.7% from December, as cellphone and restaurant bills rise

  The annual pace of inflation cooled, but the numbers suggest consumer prices are broadly on the rise.

  Money

  Feb 23, 2018
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• BUSINESS REPORT: Canadians can’t stop using their homes as piggy banks

  Canadians continue to borrow against the value of their houses at the fastest pace we’ve seen in more than five years.

  Economy

  Feb 20, 2018
• Rising Ontario household debt expected to go higher by 2021: FAO

  The average Ontario household owed nearly $154,000 in 2016 compared to $119,000 in 2010.

  Canada

  Jan 23, 2018
• Canadian economy smashes expectations with 4.5 per cent growth

  The strong economy makes another interest rate increase in the fall increasingly likely, economists say.

  Money

  Aug 31, 2017
• Bank of Canada to announce today possible interest rate hike

  The central bank last raised its key interest rate target in September 2010.

  Canada

  Jul 12, 2017
• Bank of Canada expected to hike interest rate for 1st time in almost 7 years

  Low interest rates have helped fuel the housing market in recent years, incentivizing Canadians to pile on record levels of debt - something that the central bank has noted as a significant risk for the economy.

  Economy

  Jul 11, 2017
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• Here’s what happens to your car loan if interest rates rise

  Watch for longer loan terms, not just higher monthly payments.

  Money

  Jul 11, 2017
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• What you need to know about mortgages if interest rates rise

  Here's what you need to know if you have a mortgage or will be getting one soon

  Money

  Jul 5, 2017