No Interest Rate Increase for January 2019: Time to Restructure Debt?

There will be no interest rate increase this month, or in February 2019. The Bank of Canada (BOC) announced on January 9, 2019 that the overnight interest rate would remain at 1.75% for the time being – at least until the next announcement...

Posted January 10, 2019 | by admin |in Bank of Canada Interest Rate, Blog, Canadian Interest Rates

Latest Bank of Canada Interest Rate Increase: 1.75%

The Bank of Canada (BOC) has made another interest rate increase. As of October 24, 2018, the BOC interest rate is at 1.75% — the highest it has been since 2008. The Canadian and U.S. economies, job growth, and inflation were all taken into...

Posted October 24, 2018 | by admin |in Bank of Canada Interest Rate, Blog, Canadian Household Debt, Canadian Interest Rates