What Can We Expect Moving Forward with Interest Rates?
- Moving forward, we can expect the BoC to very likely increase interest rates once again come their next meeting on December 7th, 2022. Economists are predicting that we will see a similar 0.50% rate increase and a potential smaller 0.25% increase in early 2023, before rates begin plateauing for the better part of 2023, and possibly decreasing come the end of 2023.