Bank of Canada hikes key interest rate to 1.5%, impact on small businesses just beginning
Stephanie Haughton is a mother of two and runs her photography studio from home. She takes clients when her 3-year-old is at daycare and while her newborn naps.
Today’s rate hike means her mortgage payments are going up by more than a hundred dollars. That’s similar to what she saw after the rate increase in April.
“As a small business owner that can hurt if I don’t have a busy month,” Haughton says.
Rate hikes and the expectation of more to come have already had a cooling effect on the housing market, but the impact on small businesses has just begun.
Anne Gaviola explains.
For more info, please go to https://globalnews.ca/news/8883112/bank-of-canada-june-1-decision/
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Видео Bank of Canada hikes key interest rate to 1.5%, impact on small businesses just beginning канала Global News
Today’s rate hike means her mortgage payments are going up by more than a hundred dollars. That’s similar to what she saw after the rate increase in April.
“As a small business owner that can hurt if I don’t have a busy month,” Haughton says.
Rate hikes and the expectation of more to come have already had a cooling effect on the housing market, but the impact on small businesses has just begun.
Anne Gaviola explains.
For more info, please go to https://globalnews.ca/news/8883112/bank-of-canada-june-1-decision/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #interestrates #smallbusiness
Видео Bank of Canada hikes key interest rate to 1.5%, impact on small businesses just beginning канала Global News
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