Impacts of Rise in Bank of Canada’s Policy Rate

- August 11, 2017

Pier-Paul Belzil-Lacasse

Last July, the Bank of Canada increased its policy rate by a quarter point (from 0.5% to 0.75%), a first since 2010. How will this hike affect mortgages? Our financial turnaround advisor and Licensed Insolvency Trustee explains the potential hazards of this increase in addition to providing tips on having sound financial habits .

For more information, listen to the two interviews with our expert on this topic on July 12th on Radio-Canada radio (segment at 16h24) and on TVA Nouvelle (go to 6th minute).

Comment on this article