Skip to main content

Featured

Bank of Canada Says More Rate Hikes Could Be Coming: What It Means for Your Mortgage and HELOC

  Canadian Money Brief  |  November 11, 2026 Bank of Canada Says More Rate Hikes Could Be Coming: What It Means for Your Mortgage and HELOC By the MoneySavings.ca team  •  6 min read The Bank of Canada raised its key rate on October 28, the first increase since 2023. Yesterday it signalled it may not be done. The summary of deliberations, released Tuesday, says Governing Council agreed there could be a need to raise the policy rate further, while taking decisions one meeting at a time. If you carry a variable-rate mortgage or a home equity line of credit (HELOC), that is a headline worth a few minutes. Here is what the Bank said, what another hike would cost, and what you can do before the next decision on December 9 . 2.50% Policy rate since Oct 28 4.70% Big-bank prime since Oct 29 3.5% BoC CPI forecast, end of 2026 Dec 9 Next rate decision What the Bank actually said The core of the story is energy. The Bank notes that the war in the Middle East is in its eig...
Post a Comment
Read more

article

Labels

Impact of President Biden’s New China Tariffs on Consumers

In a significant policy shift, President Biden has announced new tariffs on Chinese goods, including electric vehicles (EVs), semiconductors, and medical supplies. This move has sparked widespread discussion about its implications for American consumers.

  • Electric Vehicles and Semiconductors: The tariffs are set to quadruple for imported Chinese EVs, jumping from 25% to 100%, and semiconductors will see an increase from 25% to 50%. This could potentially affect the prices and availability of these products in the U.S. market.

  • Solar and Steel: Additionally, some tariffs on Chinese steel and aluminum will rise from 7.5% to 25%. This may lead to increased costs for industries relying on these materials, possibly trickling down to consumer prices.

  • Political and Economic Strategy: The timing of these tariffs, with Election Day less than six months away, suggests a strategic move by the Biden administration to bolster domestic industries and secure political support.

  • Consumer Impact: Experts are divided on the impact these tariffs will have on U.S. consumers. Some argue there will be no inflationary impact, while others believe it could lead to higher prices for affected goods.

The administration’s stance is clear: to protect American jobs and industries from being undercut by unfairly priced imports. However, the true effect on consumers remains to be seen as the policy unfolds.


Labels:

Comments

Post a Comment