Interest Rates

The Future of Canadian Interest Rates: The Next Steps for 2023

By now, you have probably heard that interest rates dictated by the Bank of Canada are rising quickly, with the current overnight rate at 3.25% BoC. Why exactly is the BoC increasing rates? Let’s take a quick dive.  Throughout the pandemic, The Bank of Canada fuelled the pandemic housing boom with sustained low-interest rates, further …

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