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Archive for the Interest Rates Category

The Canadian Interest Rate is Up to 1.5% After July 2018 Announcement

The Canadian Interest Rate is Up to 1.5% After July 2018 Announcement

The Canadian interest rate has risen again, going up to 1.5% as of July 11, 2018. The Bank of Canada (BOC) chose to raise rates for the fourth time in a year. The Canadian interest rate was 0.5% before July of 2017, but since then it has…

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The Bank of Canada Interest Rates Stayed the Same for May 2018, But You Still Need to Be Prepared for a Hike

The Bank of Canada Interest Rates Stayed the Same for May 2018, But You Still Need to Be Prepared for a Hike

The Bank of Canada interest rates remained at 1.25% following a scheduled announcement on May 30, 2018. The Bank of Canada (BOC) kept interest rates the same but warned that higher rates will be needed over time. Economists are predicting that higher rates could be coming into…

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Interest Rates May Be Going Up – Time to Get Your Financial House in Order

Interest Rates May Be Going Up – Time to Get Your Financial House in Order

Back in April, despite suggestions of an increase, the Bank of Canada chose to keep Canadian interest rates steady at 0.5%. However, even with this decision, economists still believe that a hike is coming – probably in early 2018. So, how would you fare if interest rates…

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