ST Alpha - "Bank of Canada raises interest rates to 4.5% (.25 bump), 8th increase in a row -- (link*)" (Reading a Post)

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Bank of Canada raises interest rates to 4.5% (.25 bump), 8th increase in a row -- (link*)

Posted by Beaker (aka Anniebecca) Jan 25 '23, 08:25

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https://www.cbc.ca/news/business/bank-of-canada-january-rate-decision-1.6725283 (www.cbc.ca)

Responses:

does this affect the % one gets in a savings account? -- nm - mud Jan 25, 08:34 4
- I believe so (1/2 to 1/3 that maybe in practice) -- nm - Beaker Jan 25, 08:35 3
  - thx -- nm - mud Jan 25, 08:36 1
    - but shop around for sure :) -- nm* - Beaker Jan 25, 08:37
  - but mortgages would get the full monty -- nm - Beaker Jan 25, 08:35
bastards! -- nm - decline Jan 25, 08:27

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