The Cost to ME…Bank of Canada Interest Rate Hike

While interest rates being kept low sounds pretty awesome, (so you can borrow cheap money and buy cool stuff you know you need) but if you haven’t been saving your money or paying down your debts, a slight hike in interest rates can cripple you and potentially leave you homeless.

“Stimulating” the economy by keeping interest rates low only compounds the problem in the long run and in the end (sooner than later and historically on schedule) there is a CRASH. Are you prepared for an interest rate hike? Can you weather a storm? For REAL advice to position you to weather a financial storm, contact our office. We are here to offer impartial advice in YOUR best interest.

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