How Will Higher Interest Rates Affect Me?
![](https://shawnmacdonald.ca/wp-content/uploads/2021/12/mortgage-rules-impacting-loans-shutterstock_1362281648-690x394-1.jpg)
Canadians have enjoyed low interest rates for the last decade, but even more so since the onset of the global pandemic, when the Bank of Canada responded with a trio of rate cuts, bringing us to 0.25%, where we currently sit. In its latest interest rate announcement on December 8, 2021, the Bank held the…