For the fourth time in a year, the Bank of Canada has raised its benchmark interest rate. It’s now at 1.5 per cent. Erica Alini looks at how this will affect borrowers and savers in this week’s edition of Money 123.
- Rates are up, prices down. How tough is the mortgage stress test across Canada today?
- As another rate hike looms, more Canadians feel closer to insolvency
- Bank of Canada delivers another hike, key interest rate rises to 1.5%