Lindas Bookkeeping and Consulting

04/05/2026

12/26/2025

06/11/2023

07/14/2022

What does today’s 100 basis point increase for interest rates mean for you? More pain on the horizon for Canadians with mortgages as the average Canadian household will spend nearly $2000 more in debt payments next year, further eroding your purchasing power.

Tens of billions in new deficit spending continues to put enormous upward pressure on inflation, leaving the Bank of Canada to make the sharpest interest rate hike in nearly 25 years.

As a result, we are facing record-high inflation, a cost-of-living crisis leading to higher grocery and gas prices, and a growing housing affordability crisis.

It's time to get our spending under control and back to sustainable levels. It's hurting- and only going to get worse otherise.