Skip to content

Debt-Strapped Canadians Brace for a Risky Rate-Hiking Cycle

  • Borrowing costs could begin steady climb as soon as next week
  • Moves will test central bank and free-spending Trudeau team

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

The era of historically low interest rates, which inflated Canadians’ wealth and facilitated their spending, is coming to an end.