Interest Rate Hikes And Annuity Payouts

With inflation continuing to hover just below seven per cent and the cost of living increasing for all Canadians, we shouldn't be surprised that the Bank of Canada would use interest rate hikes to control soaring inflation. At the beginning of 2022, I recall the Federal government was contemplating at least six periodic increases in interest rates beginning in March 2022. They have kept their word, and in April and June of last year, we saw substantial increases in interest rates of 50 basis...