Good News Or Bad? Making Sense Of Rising Interest Rates

By Wayne Karl

The Bank of Canada's move this week to raise the target for its overnight rate to 0.75 per cent from 0.50 – the first hike in seven years – may be cause for concern for some Canadians. But should it be? Are more increases in the offing? What does it all mean? How will it affect you?

Two of the most telling comments in the statement by the Bank of Canada were, "The current outlook warrants today's withdrawal of some of the monetary policy stimulus in the economy"; and,...

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