Last week’s announcement caught many analysts by surprise
David Tulk, institutional portfolio manager, Fidelity Investments Canada ULC, discusses the recent Bank of Canada irate hike, the likelihood of a further hike this year, and signs of slowing economic growth.
Increased payments on mortgages and other debts could hit the economy as people have less disposable income to spend elsewhere
Several analysts are now predicting the Bank of Canada will hike its trend-setting rate Wednesday
Canadian households were adding debt at the fastest pace since October 2011 in July, pushing total household debt to almost $2.1 trillion