Canadians are paying more to service their debt than when interest rate were around double what they are now. Find out more.
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The household debt service ratio, which plunged two years ago as rates fell and governments paid out COVID-19 aid, is rising again because of the Bank of Canada’s decision to sharply increase borrowing costs to cool inflation.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
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