It’s time to start planning your rising interest rate escape plan.
Rates aren’t on the increase just yet. But the Bank of Canada on Tuesday indicated — central banks always indicate, they never say — that economic conditions are improving enough for it to start looking for an opening to raise rates from today’s freakishly low levels. One year from now, it’s quite possible rates will be higher than they are now and climbing. (click here to read the full article, from The Globe and Mail)