CALGARY - The Bank of Canada's second interest rate increase this summer has financial experts warning that more could be on the way, and now is the time for Canadians to take a serious look at their debt. Patricia White, executive director at Credit Counselling Canada, says years of increased borrowing at low interest rates means many people aren't prepared for the higher costs that could be coming. "Everyone needs to look at where they're at, ...
09-15-2017, 07:23 AM
Rising interest rates a warning to consumers
CALGARY - The Bank of Canada's second interest rate increase this summer has financial experts warning that more could be on the way, and now is the time for Canadians to take a serious look at their debt. Patricia White, executive director at Credit Counselling Canada, says years of increased borrowing at low interest rates means many people aren't prepared for the higher costs that could be coming. "Everyone needs to look at where they're at, ...
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