How can you protect yourself from rising interest rates?

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How can you protect yourself from rising interest rates?

Rounding it up

  • Interest rates are one tool the Bank of Canada uses to influence monetary policy; it does this by raising or lowering the Policy Interest Rate.

  • Interest rates, whether they’re high or low, impact how all Canadians spend and save.

  • To protect yourself from rising rates, lock in low rates now, take a good look at your investment portfolio, and start saving more.

7 min read

Ally Streelman
#inflation#recession #interest rates#economy

Ally Streelman

Ally Streelman is a storyteller whose work spans money, wellness, travel, and more with the chief goal of empowering readers. When she’s not stringing together sentences, you can find her immersed in a new city, cookbook, or novel or encouraging women to take hold of their financial journey.

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