Federal Reserve Chair Jerome Powell says U.S. interest rates will go up even higher than initially expected. However, future increases could be smaller. Talking to reporters on Wednesday after the Fed raised interest rates by 0.75% for the fourth consecutive time, Powell noted that...

The recent poll by Equifax Canada shows that Canadians are relying more and more on credit cards amid the on-going inflation surge and growing interest rates. According to the survey, the average credit card balance held by Canadians reached a record high level of $2,121...

The central bank’s aggressive interest rate increases are not only a point of concern for economists and homeowners. The latest poll shows that the uncertainty around higher rates is causing record high level of financial anxiety for Canadians. However, there are certain ways to ease the pain...

Specialists say the Bank of Canada’s attempts to restrain inflation with the help of interest rate hikes will keep on affecting the national rental market. According to rentals.ca, the average rent for all property types was up by 15.4% annually to $2,043 in September....

The Bank of Canada surprised everyone by slowing the pace of rate increases, as the economy is facing a potential recession. However, an excessive inflation means it still plans more hikes. The Governor Tiff Macklem and his team raised the BoC’s key lending rate...