Jack Mintz: Higher real interest rates are very bad news (Canada)

The OECD this week forecast that interest rates are expected to rise by a half point in most countries, including Canada, in the coming year. This is on top of recent hikes by the U.S. Federal Reserve, the European Central Bank, Japan and New Zealand. Only a year ago, we heard from experts that interest rates could fall as economies stalled. 

  

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