One rate move, felt differently across savings, bonds, stocks and more.
For educational purposes only. Simplified illustrations to help you understand how things work. Not financial, investment or tax advice, and not a recommendation.
Interest rates fallInterest rates rise
Savings & GIC rates (new)+0.9 pts
Variable mortgage payment+9.0%
Existing bonds-7.0%
Preferred shares-5.5%
REITs-4.5%
Stocks-2.5%
Gold-1.8%
Canadian dollar+1.5%
Interest rates up: savers earn more and borrowing costs more, while existing bonds and rate-sensitive assets tend to fall.
Green = good news for someone holding or paying it; red = bad news. Sizes are illustrative.
Savers earn more when rates rise
Existing bonds lose value when rates rise
Borrowing costs move in the same direction as rates
