Everything seems to be getting more expensive. Food, gas and housing prices are on the rise while paycheques are slow to keep pace.
The CBC News series Priced Out explains why you’re paying more at the register and how Canadians are coping with the high cost of everything.
Over the past several months, mortgage agent Rasha Ingratta has fielded a flood of queries from clients worried about how rising interest rates will impact their mortgage payments.
“People are in a panic,” said Ingratta, who works with Mortgage Intelligence in Windsor, Ont. “They’re thinking, ‘Oh my God, what is the interest rate going to go up to?'”
For the past two years, Canadians have enjoyed access to extremely cheap credit thanks to rock-bottom interest rates. However, to help curb soaring inflation, many economists predict the Bank of Canada will begin hiking its benchmark interest rate — starting with…
