Interest Rates Hiked Again

The Bank of Canada just announced their 3rd rate hike of 2022, and third in a row, raising the overnight rate to 1.5%. This equals 1.25% in hikes in just 4 months, rapidly changing the landscape - and peoples borrowing power and payments. The most recent time rates increased was during 2017 to 2018 where it took a whole year to increase by 1.25%. Understandably, people are on edge wondering what's going to happen to their mortgage and other debt payments, buyin...