39% of Canadians fear rising interest rates will push them into bankruptcy

The Bank of Canada recently increased the overnight interest rate to its highest level in decades, increasing the cost of borrowing for Canadians. Given that interest rates are expected to rise further still, it’s no surprise a recent study, reported by STOREYS, found that 39% of Canadians are now worried about rising costs driving them […]

Interest rates and debt: What happens when interest rates rise (Canada)

The Bank of Canada recently raised interest rates by half a percentage point, increasing the overnight rate from .5% to 1%. This is a steep rise, and follows a pattern of rising rates which will make loans and mortgages more expensive for many Canadians. In this blog, we’ll explore rising interest rates in more detail, […]