Interest Rates Are Rising in Canada – Should You Be Concerned?

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Interest Rates Are Rising in Canada – Should You Be Concerned?

Interest rates have been rising slowly over the past 6 months in Canada. If you have debt, should you be concerned? First of all, if the debt you have is credit card or private debt that carries a high interest rate (20% or higher), the interest rate changes will likely not affect this. For other types of debt, it depends on what it is. There are 2 stages in looking at this.

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