Borrowers revel in interest rate cut as the party ends for savers
A relief effort has begun for Canada’s debt-burdened households this week after the Bank of Canada announced a quarter per cent cut in three-decade-high interest rates.
A relief effort has begun for Canada’s debt-burdened households this week after the Bank of Canada announced a quarter per cent cut in three-decade-high interest rates.
The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75 per cent, the first cut in more than four years. Here's what it could mean for your finances.
There is a continuous explosion of investment advice available to the average investor. Whether the source is an established industry website or social media, much of it is rock solid.
A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household budgets.
Canada's banking regulator says real estate secured lending and mortgages are among the top risks facing the country's financial system as higher interest rates put pressure on borrowers.
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