Why Interest Rates are Lowered

Usually it’s lowered to boost the economy so people are encouraged to borrow money (interest rate is low) and use it.

Who is happy when interest rate gets lowered?

  • debt holders (but credit card interest doesn’t get lowered usually…)
  • bond holders (because bond price has an inverse relationship with interest rate)
  • People getting or renewing a mortgage (because mortgage rates follow the benchmark rate)
  • People getting a loan

This cartoon is on sale at My Store.

Why Interest Rates are Raised

The real reason why interest rates are raised.

Last week, Bank of Canada hikes overnight rate for second time in two months.

This cartoon is available from my Store.

Bacon Font

It’s International Bacon Day!

So it seems like we celebrate something every day…but today is special because it’s International Bacon Day!

You can purchase my Bacon image for use from my store.

I also have a Bacon Tshirt on sale at Zazzle!

 

×