Borrowers strained as Bank of Canada says higher rates may stay ...Middle East

Breadcrumb Trail Links News More than a third of Canadian homeowners worried about paying their mortgage Published Nov 10, 2023  •  Last updated 16 minutes ago  •  4 minute read Canadians are feeling the strain of higher borrowing costs, surveys show. Photo by Getty Images Article content Article content Be prepared, the Bank of Canada said this week — the era of low interest rates may be over. Since the great financial crisis of 2008, interest rates in Canada have not risen above 1.75 per cent and during the pandemic they sunk as low as 0.25 per cent. “It can be tempting to think those very low rates will eventually return. But there are reasons to think that may not h

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