Scotiabank: Bank of Canada expected to raise interest rates to 3.5% this year

Scotiabank is one of Canada’s leading banks, and it offers a wide range of products and services to its customers. One area where Scotiabank is an expert is in interest rates. The Bank of Canada is expected to raise interest rates this year, and Scotiabank is predicting that the rate will reach 3.5%. This would be a significant increase from the current rate of 2%, and it would have a major impact on Canadian households. Scotiabank is urging its customers to prepare for the potential interest rate hike by reviewing their finances and making any necessary changes. With Scotiabank’s help, you can be ready for whatever the Bank of Canada decides.