September 2022

The Latest Rate Increase: What Does It Mean For You?

Posted on Sep 23, 2022

The Not So Great News

As many of us would now know, the 2nd of September raised interest rates up 75 points to 3.25%. According to Reuters, the Bank of Canada believes that it may need to continue to raise rates to fight stubborn inflation. So more rate rises may still be on the horizon.

Now For The Good News

While this may feel like a gloomy start to...

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