I'm Erica Alini, author and personal finance reporter for The Globe and Mail. I'm hosting an AMA today at 3 PM EDT about The Bank of Canada's biggest interest rate increase since 1998 and how consumers can mitigate the impact on their own wallets.I'm Erica Alini, personal finance reporter for The Globe and Mail and author of the bestselling book Money Like You Mean It, Personal Finance Tactics for the Real World.
Today The Bank of Canada has announced its biggest interest rate increase since 1998: a full percentage point. Which borrowers will feel a gouge, and what can be done to mitigate the impacts? AMA on the interest rate increase and how consumers can mitigate the impact on their own wallets.
ealini Hello Erica!
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r/PersonalFinanceCanada - I'm Erica Alini, author and personal finance reporter for The Globe and Mail. I'm hosting an AMA today at 3 PM EDT about The Bank of Canada's biggest interest rate increase since 1998 and how consumers can mitigate the impact on their own wallets.Want to submit a personal finance question for ealini? You can do it here, and join us at 3 p.m. ET for the AMA
Source: globeandmail - 🏆 5. / 92 Read more »
Bank of Canada hikes rate to 2.5% — here's what it means for you | CBC NewsThe Bank of Canada raised its benchmark interest rate by the largest amount in more than 20 years on Wednesday, sharply increasing the cost of borrowing in an attempt to rein in runaway inflation. CanadianPM gets his wish of raising the cost of everything. Doing it to the middle class. Another so called inflation/recession fix that hurts the most vulnerable, but virtually no pain for people tgat are well off. Isn't there anyone at the bankofcanada that can find ways to fix problems without hurting the most at risk? Really, no ideas Business Maybe aggressively cut government spending instead? Meet half way?
Source: CBCCalgary - 🏆 78. / 51 Read more »
'No choice but to go nuclear': Bank of Canada issues a supersized rate hikeThe Bank of Canada has raised its interest rate by 1%, the biggest jump since 1998. What does this mean for Canadians, especially Really? How about immediate tax reforms that target offshore tax havens? canpoli nbpoli Canada's turning into a 3rd World 💩hole under .JustinTrudeau TrudeauMustResign should have been the plan years ago.. we also need to roll back some of the net zero targets as it is causing unnecessary hardship to the working poor and fixed incomers. Hydro power is not green!
Source: nationalpost - 🏆 10. / 80 Read more »
Bank of Canada raises key interest rate by 1 per centThe Bank of Canada raised its key interest rate by a full percentage point on Wednesday, marking the largest single rate hike since August 1998. Wth. Need more rate hikes Inflation is not the problem. Inflation is the result of the problem when our government printed too much money, raised taxes (like the carbon tax) and refused to stop its out of control spending.
Source: CP24 - 🏆 30. / 67 Read more »
Bank of Canada hikes key interest rate by full percentage pointOTTAWA — The Bank of Canada raised its key interest rate by a full percentage point on Wednesday, marking the largest single rate hike since August 1998. He has to go. Today ! Now !
Source: calgarysun - 🏆 63. / 52 Read more »
Bank of Canada's larger-than-expected interest rate hike is biggest jump since 1998The Bank of Canada has hiked its overnight interest rate by 100 basis points to 2.5 per cent, following higher than-expected inflation. It is the biggest rate hike by the central bank since August, 1998. Poll: Should the bankofcanada be blamed for a recession? Higher then expected? We seen it coming 2 years ago, I expect it to get even worse Poll: Is the bankofcanada harming Canadians?
Source: natnewswatch - 🏆 58. / 59 Read more »