|What the latest Bank of Canada interest rate hike means
Prime rate? Bank of Canada rate? Learn who controls interest rates and what the latest 0.75% increase on Sept. 7 means for your finances.
Non-mortgage debt spikes 8% as inflation and higher prices bite
Car loans, lines of credit, and credit card debt are all part of "non-mortgage debt" and the average Canadian now owes more than $21,000 on these types of loans.
How to ride out high interest rates, inflation and a recession
Today's so-called baby-boomer generation endured 17% mortgage rates and double digit inflation in the early 1980's — how did they do it?. And watch this newsletter for an upcoming webinar on how to fight inflation.
How many Canadians are falling behind on their home payments?
The short answer is 4%, but this article also has some good advice on what to do if you find yourself taking on more and more debt.
BOC signals more interest rates hikes may be on the way
In a post-rate-hike speech, BOC officials did not rule out further 2022 increases in excess of 0.25%... better mark Oct. 26 and Dec. 7 on your calendar as those are the dates for the next two interest rate announcements.