Cash strapped banks hike mortgage rates
Cost of borrowing drives rate increase.
Advertisement
Despite the Bank of Canada's rising interest rates, experts say the impact on Canadian stocks will be minimal.
Potential home-buyers may view the 0.25% hike in interest rates as negative, but there are positive aspects as well.
Advertisement
But Canadian economists argue BoC shouldn't be in such a hurry.
Rising rates will be trouble for some, but Canadians are prepared.
Advertisement
New report says we're spending more, saving less.