Debt – Follow To Know

Canadian Borrowers Will Feel This Week’s U.S. Interest Rate Hike: Don Pittis | CBC News

September 24, 2018 mdbincbi

Markets are so certain that U.S. Federal Reserve chair Jerome Powell will raise rates this week that a failure to hike would likely have worse consequences for American markets than the impact of higher borrowing costs. But the near certainty so cherished by market traders — who hate rude surprises — will provide little reassurance for the millions of people around the world, including over-borrowed Canadians, who will inevitably feel the effects of higher rates. And not only are market indicators showing a 100 percent expectation of a rate hike on Wednesday, most analysts expect another increase in December,…

Mortgages Won’t Be Only Problem For Many Canadians As Rates Rise – Business – CBC News

July 11, 2017 mdbincbi

With the Bank of Canada set to raise lending rates, mortgage holders have been warned to expect more expensive debt than they’ve become used to. But other forms of debt are even more vulnerable to the tiny rate hikes to come. Traders are about 90 per cent certain of a rate hike at 10 a.m. ET Wednesday, with the bank’s benchmark rate expected to inch up to 0.75 per cent from 0.50 per cent. And a major impact of that move is likely to be felt entirely outside the mortgage market.…