BOC Interest Rate Rises to 1.5%: Do You Need to Consolidate Debt?

Canadian interest rates are at a new high. On July 11, 2018, the Bank of Canada (BOC) interest rate rose to 1.5%. This is still a relatively low interest rate, but if you’re struggling with debt it could mean trouble. Canadian interest rates...

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Surviving Rising Interest Rates – Locking Your Rate May Be the Best Time to Refinance

So far in 2018 Canadian homeowners have experienced several major changes that could affect finances — new mortgage rules and rising interest rates First, let’s look at the new mortgage rules. On January 1, 2018, new Canadian mortgage rules...

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BOC Interest Rate Jumps to 1.25%

Higher interest rates for Canadians are continuing in 2018. On January 17, 2018, the Bank of Canada (BOC) announced an interest rate increase to 1.25 per cent. The BOC interest rate affects all forms of debt, including student loans, home...

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