Canada ONE STEP CLOSER To Recession! Canadians $200 From Being Completely Broke!

Do you think interest rate increases make a big difference on people’s finances?

Interest rates have increased in Canada and the effects are felt immediately for some risk taking Canadians. Those who have taken on debt in Canada will surely feel the rate hikes which have been coming on. With real estate being so critical to the Canadian economy, what will the result be as interest rates continue to rise?

Bank of Canada raises overnight rate target to 1 ½ per cent – Bank of Canada

https://www.bankofcanada.ca/2018/07/fad-press-release-2018-07-11/

Canada’s big banks raise prime rate to 3.7% after Bank of Canada rate hike – Article – BNN

https://www.bnnbloomberg.ca/canada-s-big-banks-raise-prime-rate-to-3-7-after-bank-of-canada-rate-hike-1.1106411

Rosenberg on rate hike: ‘I would have done absolutely nothing’ – Article – BNN

https://www.bnnbloomberg.ca/rosenberg-on-rate-hike-i-would-have-done-absolutely-nothing-1.1106456

Prospect of higher rates has Canadians worried about paying bills, survey shows | CBC News

https://www.cbc.ca/news/business/debt-canadians-interest-rates-1.4487919

2017-GDP-by-industry.jpg (999×1156)

http://www.investorsfriend.com/wp-content/uploads/2018/07/2017-GDP-by-industry.jpg

Real Estate Drove A Fifth of The Canadian Economy In 2017 | Better Dwelling

https://betterdwelling.com/real-estate-drove-fifth-canadian-economy-2017/