Leah Zlatkin quoted in the Toronto Star: ‘Economists Forecast Rates Will Jump by Another Half Percentage Point Next Week – Cooling Canada’s Housing Market Even More’

https://www.thestar.com/business/2022/05/27/a-real-squeeze-economists-anticipate-higher-interest-rates-coming-next-week.html

“While a higher hike may feel like a real squeeze to homeowners now, it may mean more tempered increases for the rest of the year,” said Leah Zlatkin, a mortgage broker and analyst with LowestRates.ca.

Typically, interest rate hikes do not affect credit card rates — unless consumers miss their monthly minimum payments. In those instances, credit card companies can increase interest rates by five per cent or more.