Ensure your household budget measures up in the face of rising interest rates.
For years, interest rates in Canada have been at record lows allowing for affordable borrowing through mortgages, car loans and lines of credit. Many Canadians took advantage of the "sale" on debt to spend more, but recent interest rate hikes were a wake-up call for those carrying large debt loads. Here's what they mean - and how to prepare for potential future rate increases. Read this article to learn more.