(NC) With the Bank of Canada recently raising its key interest rate once again, many of are concerned about the impact on our household debt and mortgages. Fortunately, there are many tips and tricks for saving and budgeting you can use for other areas in your life. Try the three-category budget. It can be overwhelming… Continue reading Worried about rising interest rates affecting your mortgage?
Tag: interest rate
Bank of Canada holds key interest rate on hold
Source: The Canadian Press, January 9, 2019 OTTAWA — The Bank of Canada is keeping its benchmark interest rate target on hold at 1.75 per in its first policy decision of 2019. The Bank of Canada announced its latest rate decision online Wednesday morning. Read full article here… Image Source: THE CANADIAN PRESS/Sean Kilpatrick
Bank of Canada delivers another hike, key interest rate rises to 1.5%
Source: Erica Alini, Global News, July 11, 2018 Bank of Canada raises interest rates amid trade tensions As widely anticipated by economists, the Bank of Canada (BoC) raised its trendsetting policy rate to 1.5 per cent, up from 1.25 per cent on Wednesday. It was the fourth rate increase in the last 12 months. The central bank… Continue reading Bank of Canada delivers another hike, key interest rate rises to 1.5%
28% of Canadians fear bankruptcy ahead of Bank of Canada decision
Source: Noah Zivitz, BNN Bloomberg, July 9, 2018 With just two days to go before an anticipated interest rate hike by the Bank of Canada, one of country’s top bankruptcy firms is warning a “staggering” number of Canadians are on the brink of financial disaster. Twenty-eight per cent of respondents to a new survey, which was… Continue reading 28% of Canadians fear bankruptcy ahead of Bank of Canada decision
Canadians owe $2T as central bank mulls rate hike
Source: Andy Blatchford, The Canadian Press, May 1, 2018 OTTAWA — Canadians have amassed a $2-trillion mountain of household debt that’s casting a big shadow over the timing of the Bank of Canada’s next interest rate hike, governor Stephen Poloz said in a speech Tuesday in Yellowknife. To Poloz, the “sheer size” of debt burden… Continue reading Canadians owe $2T as central bank mulls rate hike
Bank of Canada keeps interest rate steady at 1.25%
Source: Pete Evans, CBC News, April 18, 2018 Roughly 50/50 odds of a rate hike next month The Bank of Canada decided to keep its benchmark interest rate right where it is on Wednesday, but warned of rate hikes to come as inflation heats up. The target for the overnight rate stays at 1.25 per cent.… Continue reading Bank of Canada keeps interest rate steady at 1.25%
Bank of Canada expected to hike key interest rate to highest level since 2009
Source: Pete Evans, CBC NEws, January 17, 2018 Experts predict benchmark interest rate will hit 1.25% Wednesday, a third hike since last year The Bank of Canada is widely expected to hike its benchmark interest rate for the third time in a year this morning. After staying on the sidelines for the better part of… Continue reading Bank of Canada expected to hike key interest rate to highest level since 2009
Bank of Canada holds key interest rate at 0.5%
By CBC News, October 19, 2016 Central bank to provide update on condition of Canadian economy later this morning The Bank of Canada kept its benchmark interest rate unchanged at 0.5 per cent on Wednesday while reducing its growth outlook for the economy. The central bank trimmed its outlook for growth this year to 1.1 per… Continue reading Bank of Canada holds key interest rate at 0.5%
'Payment shock': Interest rate rise could be trouble for up to 1 million Canadians
By The Canadian Press, September 13, 2016 TORONTO – A report by TransUnion says up to one million Canadian borrowers may not be able to absorb the increase in their monthly payments if interest rates rise by one full percentage point. The company says that while the majority of Canadians will not be materially impacted… Continue reading 'Payment shock': Interest rate rise could be trouble for up to 1 million Canadians