Canada Interest Rate Increase
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Interest rate hike not good for Alberta right now: CeciAccording to budget documents, a rise in interest rates by one per cent equates to an extra $230 million in debt-servicing costs, meaning a 0.25 per cent hike will cost the province an extra $57.5 million.CanadaJul 12, 2017
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5 big banks bump up prime lending rate following Bank of Canada’s interest rate hikeThe banks are increasing their prime rates to 2.95 per cent from 2.7 per cent, effective Thursday.ConsumerJul 12, 2017
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Mortgage calculator: See how rising interest rates affect your paymentsOur calculator shows how mortgage payments would change under different interest-rate scenariosMoneyJul 12, 2017
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