How High Could The Bank of Canada Rate Go?

A recent survey showed that more than 50% of Canadians are spending more in a month than they’re making, and this is thanks in part to inflation (rising costs) and of course rising rates which has had an adverse but intended affects on Canadians debts. Can Canadians take many more rate hikes?

We're likely near the end of this rate cycle, but will probably have 1 or 2 smaller rate hikes left ahead and it’ll likely be at least half a year before the bank of Canada even thinks about reducing the rate.

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