Rising Interest Rates

• Bank of Canada ‘still prepared to be forceful’ on interest rates if needed: official

  The Bank of Canada is open to pausing its interest rate hikes but is 'still prepared to be forceful' to take down inflation, according to Deputy Governor Sharon Kozicki.

  Economy

  Dec 8, 2022
  
• Canada’s renovation boom continues despite heftier costs and rising interest rates

  The renovation industry saw quite the boom in the first two years of the pandemic, and that momentum has continued despite heftier costs and rising interest rates.

  Canada

  Nov 13, 2022
  
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• Renewing your mortgage? Here’s what to know as the Bank of Canada raises rates

  Experts say it’s now time to take a step back and really take stock of your finances, but don't be afraid to shop around to ensure you get the lowest mortgage rate at renewal.

  Money

  Oct 26, 2022
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• Rising rates add to financial ‘burden’ but needed to fight inflation: Bank of Canada

  The Bank of Canada's senior deputy governor said in a speech Thursday that the pain of rising interest rates will be needed to tamp down inflation.

  Economy

  Sep 8, 2022
• Rising interest rates, high household debt to spur ‘payment shock’ for Canadians

  Variable-rate debt is getting more expensive to carry as the Bank of Canadas hikes its benchmark interest rate, which could lead to financial pain for heavily indebted households.

  Money

  Sep 7, 2022
• Number of highly indebted households on the rise as COVID-19 aid winds down: BoC

  Bank of Canada calculations suggest the share of highly indebted household should this year surpass the pre-pandemic peak recorded in 2019, deputy governor Paul Beaudry said.

  Economy

  Nov 23, 2021
• 46% of Canadians $200 or less away from not being able to pay their bills

  The number of Canadians who are $200 or less away from financial insolvency at month-end has jumped to 46 per cent, up from 40 per cent in the previous quarter, as interest rates rise.

  Money

  Jan 21, 2019
• BUSINESS REPORT: Higher U.S. interest rates has the loonie on the run

  American inflation could put the loonie in a tough spot.

  Economy

  Feb 14, 2018
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• Bill Kelly: Interest rate hike will hurt most of us

  For people who live paycheque to paycheque, that increase puts more pressure on the household budget.

  Blogs

  Sep 7, 2017
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• Could you handle a 33 per cent interest-rate hike on your debt? If not, start paying it off now

  The Bank of Canada is likely to start raising rates soon -- and many Canadians aren't ready

  Canada

  Apr 11, 2017