What the Bank of Canada Rate Increase to 1.5% Means for Canadian Home Owners and Home Buyers
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What the Bank of Canada Rate Increase to 1.5% Means for Canadian Home Owners and Home Buyers

As if the new mortgage stress test didn’t make things more difficult, from loans to mortgages, the Bank of Canada rate increase means it’s now harder for Canadians to borrow money. For example, if you have a variable rate mortgage set at prime… Continue reading »

Strong Economic Growth Leads Bank of Canada to Finally Hike Interest Rate to 1.5%
#RSMMoneyWoes / Economic News / Lifestyle / Lifestyle News / Mortgage News / Mortgages / Personal Finance / Personal Finance News / RSM News

Strong Economic Growth Leads Bank of Canada to Finally Hike Interest Rate to 1.5%

Bank of Canada Governor Stephen Poloz announced at a news conference this morning that the benchmark interest rate is being hiked to 1.5% due to strong numbers. Canadians can now expect increases in goods like… Continue reading »