Bank of Canada raises interest rates for first time in 7 years

Bank of Canada hikes key interest rate to 0.75% and next increase could be in October

Disruptive interst rate marketplace empowers the consumer

Consumers get the most competitive interest rates by asking financial providers to bid for their business

What will be the affect of Interest Rate hikes in US on Canada

Last December, the United States raised interest rates by a quarter point- from 0.50% to 0.75%. Also for the first time since the year 2007, Canada has a lesser central bank rate than the United States. The Bank of Canada also announced that they were sticking to their monetary policy by holding its key rate at 0.5 percent.