How Borrowers, Savers and Investors Can Prepare for Higher Interest Rates

Original article via Globe and Mail. Click here to read.

The Bank of Canada has begun the process of slapping Canadians back to reality on interest rates.

Economic growth is picking up and the central bank made it clear earlier this week that it’s looking at whether to raise rates. CIBC Economics sees the bank raising rates by a total 0.5 of a percentage point in the first six months of 2018, or a bit sooner.

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