As the global economy has improved, interest rates are going up.

Canada's economy is no exception. With economic growth running above 3%, the Bank of Canada raised its interest rate earlier this month. Other interest rates are slowly edging upward. Households with mortgages and other loans will have less disposable income for consumption as they meet rising payments, which could affect businesses' revenues. At the same time, the higher cost of borrowing will not significantly affect many businesses directly as it is a small increase and their debt ratios are not elevated.
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