Second interest hike of 2022

On April 13th, for the second time this year, the bank of Canada raised interest rates. Typically rates change in 0.25% increments, but the April 13th increase was a 0.5% jump. This brings the base rate to 1%, which is the highest it’s been since the beginning of the pandemic. […]

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Interest rates rise. What does it mean to you?

On March 2nd 2022 the bank of Canada increased interest rates by 0.25%. This is the first interest rate hike since before covid. The Bank of Canada has suggested that interest rates will be raised several times this year, but I don’t suspect we’re going to see drastic increases. What […]

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