Canadians are increasingly vulnerable to “payment shock” as higher household debt levels collide with oversized interest rate hikes. The Bank of Canada raised its key lending rate by three-quarters of a percentage point Wednesday, making it more expensive to borrow money in a time of climbing debt. It’s a situation experts say could push some to a breaking point as they rely on … Continue reading Canadians vulnerable to ‘payment shock’ as debt, interest rates climb, experts say