You can expect interest rates to rise again next month.
Financial analysts say the Bank of Canada is expected to match yesterday’s (Wednesday) decision by the Federal Reserve in the U-S to hike its rate by three-quarters of a percentage point.
That’s the largest increase in almost 30 years.
Our central bank has already increased its trend-setting rate by 1.5 percent this year.
Further increases will mean higher borrowing costs for things like mortgages and lines of credit.
– with files from Vista Radio Newswire
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