BoC holds rate in December 2025: What is the Bank of Canada interest rate and how does it impact you?
Kuntal Khasnobish
Tuesday, December 16, 2025
Impact of lower and higher interest rates
Lower interest rates
- Lower interest rates on loans like mortgages and lines of credit
- Less interest on savings
- People spend more money
- Economy grows
Higher interest rates
- Higher interest rates on loans and mortgages
- People and businesses borrow less money
- People save more money and spend less
- Economy slows
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