Bank Interest Rate

Bank of Canada Increases Interest Rate. First Time In Seven Years

This week the Bank of Canada raised its interest rates from 0.50% to 0.75%.  The decision explained in full in the Bank Of Canada Official Statement was not entirely unexpected and is a good sign for the economy of Canada as a whole. Although it may cause an uncomfortable pinch … Read More

Canadians Lead The World In Household Debt

The Organization for Economic Cooperation and Development (OECD) has determined that Canadian household debt levels are greater than any other country. Researchers examined 35 developed and developing countries to make its assessment. Canadians’ large build-up of household debt may cause problems for the economy, according to OECD: “Although in part … Read More

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