Think of the Bank of Canada (BoC) as the “influencer of all influencers” when it comes to interest rates. Banks and other financial institutions follow its lead. Learn more about how the BoC’s overnight interest rate impacts you in this short video, featuring MoneySense executive editor Lisa Hannam.
How the bank of Canada’s interest rate affects you
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Watch more MoneySense videos:
- Why open a high-interest savings account?
- Why you need a USD account
- The differences between a TFSA and RRSP
- How to send money internationally
The post Video: How the bank of Canada’s interest rate affects you appeared first on MoneySense.
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