The loonie hit a 20-month low, one day after the Bank of Canada announced its largest interest rate hike since 1998.
More living alone, but roommates, multi-generational homes rising: CensusStart talking to your kids about money at an early age, experts saySaving for retirement is becoming out of reach for young CanadiansFour ways to store value as inflation erodes your cashThe 2022 wedding boom: Budget 30% more amid inflation, shortagesHome Economics:
Focusing on earnings during market turmoil; Pitfalls of usage-based auto insuranceExtending mortgage period could keep payments in check even as rates riseHousehold debt burden eases in Canada ahead of steep rate hikesHow younger Canadians can prepare themselves for a potential recessionSurvey shows 55% of homeowners strapped for extra costs
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Bank of Canada hikes interest rate to 2.5% — biggest jump since 1998 | CBC NewsThe Bank of Canada raised its benchmark interest rate by the largest amount in more than 20 years on Wednesday, sharply increasing the cost of borrowing in an attempt to rein in runaway inflation.
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Bank of Canada's larger-than-expected interest rate hike is biggest jump since 1998The Bank of Canada has hiked its overnight interest rate by 100 basis points to 2.5 per cent, following higher than-expected inflation. It is the biggest rate hike by the central bank since August, 1998.
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Bank of Canada raises key interest rate by highest amount since 1998As Canada contends with its highest inflation rates in decades, its central bank is announcing an aggressive interest hike. The Bank of Canada is raising its
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'Behind the curve' Bank of Canada tees up super-sized 75 basis point hikeThe Bank of Canada is set to deliver a super-sized interest rate hike this week, as it accelerates efforts to withdraw stimulus from an overheated economy and rein in soaring inflation. — via financialpost interestrates
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Bank of Canada expected to raise key interest rate by 0.75% todayThe Bank of Canada will make its key interest rate announcement this morning as inflation remains well above its target.
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