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Hamilton (905) 769-2005

On July 11, 2018, the predicted Bank of Canada interest rate increase came true. The Bank of Canada (BOC) announced that interest rates are going up to 1.5%. This is the fourth time interest rates have risen in a year. They first rose from 0.5% to 0.75% in July of 2017, then to 1% in

For those struggling with debt, the struggle just became that much harder. The Bank of Canada interest rate increased again on January 17, 2018, going up to 1.25% — the highest it’s been in nine years. BOC interest rate hikes started in July of 2017 when the rate went from 0.5% to 0.75%. It increased