Here we go, rates to go up 3 times in Canada in 2018.
Canadian people are getting close to bankruptcy and now rates are going up..
Bank of Canada to start 2018 with a hike, despite NAFTA risks
Leah Schnurr, Anu Bararia
4 MIN READ
OTTAWA/BENGALURU (Reuters) - The Bank of Canada will kick off 2018 by hiking interest rates, buoyed by robust job growth, even as uncertainty around the fate of the North American Free Trade Agreement lingers, a Reuters poll found.
Analysts expect the BoC to raise rates three times this year, starting on Wednesday with a 25 basis point increase that will take the benchmark borrowing cost to 1.25 percent.
The central bank raised rates twice back-to-back last year as it removed monetary stimulus it put in place in 2015 amid a collapse in the price of oil, a major export for Canada.
https://www.reuters.com/article/us-...with-a-hike-despite-nafta-risks-idUSKBN1F41PD
Staggering share of Canadians fear bankruptcy if interest rates rise much more
https://globalnews.ca/news/3962467/credit-card-debt-savings-canadians/
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