bank of canada new rate - High Yield Go

Bank of Canada Expected to Raise Interest Rates as Energy Prices Soar: LULU, SHOP, QSR — Photo by Vlada Karpovich on Pexels

bank of canada new rate

7 Hidden Ways Interest Rates Will Hit Your Savings

7 Hidden Ways Interest Rates Will Hit Your Savings Interest rates affect your savings in more ways than the posted APY, influencing mortgage costs, credit-card debt, bank deposit strategies, and even the profitability of major retailers. In October 2024 the Bank of Canada signaled a 25-basis-point hike, the first increase