More Money Podcast cover image

How to Combat Rising Inflation and Interest Rates - Angela Iermieri, Financial Planner at Desjardins

More Money Podcast

00:00

The Bank of Canada's Overnight Rate and the Bank's Prime Rate

The Bank of Canada is raising its key interest rate or has a couple different names overnight rate and the bank's prime rate. These are two different rates, but they are connected. High interest rates tend to encourage people to save instead of and to borrow less. So there we have more low stable inflation that supports the economy in many ways.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app