Interest rates are rising, the cost of everything from milk to gasoline is going up, jobs are evaporating, and a recession appears to be looming. Many Canadians are in financial crisis. The impact of dollars and cents on a house hold can seem insurmountable. The current situation for the wallets of millions across the country […]
The Bank of Canada raised its key interest rate by a full percentage point on Wednesday, marking the largest single rate hike since August 1998. The central bank’s decision signals a more aggressive approach to bringing skyrocketing inflation back down to its target of two per cent. Inflation reached a 39-year-high of 7.7 per cent […]
The Bank of Canada announced today that it is raising it’s key interest rate to 1.5%. Canadian families are facing an increase in costs across all fronts – and it’s something that 620 CKRM financial analyst Brian Golly says will see families having to tighten spending. The rise in the interest rate was not something […]
