They Raised the Interest Rate.....Now What?

Huffpost Canada

July 14.2017

They Raised the Interest Rate.....Now What?

They finally did it. After seven years, the Bank of Canada raised its rates to 0.75%. So what now?

HuffPost Canada business editor Daniel Tencer outlined what the rate hike could mean for most Canadians. If you're carrying debt in the form of variable-rate mortgages or lines of credit, the next few weeks would be a good time to review your finances to make sure that the new rates won't stretch your budget.

http://www.huffingtonpost.ca/2017/07/14/housing-newsletter-they-raised-the-interest-rate-now-what_a_23030268/?utm_hp_ref=ca-british-columbia