Creativity in a Challenging Environment
Prime borrowing rates in Canada have increased 10 times in the last 18 months… The prime rate has risen from 2.45% in March 2022 to the current prime rate of 7.2%, an almost 300% increase in 18 months. https://wowa.ca/banks/prime-rates-canada Interest Rates: The Canadian Dilemma This is a historic speed of increase in financing costs, off …