8 days ago
8
1
Posted On: October 28th 2026, 06:37 pm
The Bank of Canada has raised its key interest rate by 0.25%.
If you’re wondering what this means for your mortgage, debt, or financial goals, take a breath.
If you have a variable-rate mortgage or loan, check with your lender to understand how this may affect you. If you have a fixed-rate mortgage, your current rate generally won’t change because of this announcement.
Remember, you don’t need to figure everything out today. Stay informed, review your budget if needed, and focus on what you can control. 💸
A little planning can go a long way!
.
.
#LetsTalkMoney #InterestRateHike #BankOfCanada #PersonalFinanceCanada
If you’re wondering what this means for your mortgage, debt, or financial goals, take a breath.
If you have a variable-rate mortgage or loan, check with your lender to understand how this may affect you. If you have a fixed-rate mortgage, your current rate generally won’t change because of this announcement.
Remember, you don’t need to figure everything out today. Stay informed, review your budget if needed, and focus on what you can control. 💸
A little planning can go a long way!
.
.
#LetsTalkMoney #InterestRateHike #BankOfCanada #PersonalFinanceCanada
Comments (1)
8 days agovickichapmanpodcast
Hey. I sent you a WhatsApp message because I’d love to talk about this on my podcast. I’m not sure everyone understands what this means and it would be a super valuable conversation 💜
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