Since the Bank of Canada announced the biggest interest rate hike in decades aimed at tempering rising inflation, Canadians have been assessing the impact on their purchase decisions and financial futures.
This week, CTVNews.ca asked Canadians what impact the unexpectedly large rate hike will have on their lives.
While some are left axing plans for home improvements and decreasing grocery budgets, others, who are hoping to enter the housing market, see the hike as a “positive” opportunity amid falling housing prices.
