Although Currently Low, Canada Interest Rates Are Expected to Increase 500% in 2022

 By the end of this year, the overnight rate should be 1.50%. That’s 500% higher than the current level.

Better Dwelling: Bank of Canada Will Raise Rates 500% This Year, To Start Within Weeks: National Bank.

https://betterdwelling.com/bank-of-canada-will-raise-rates-500-this-year-to-start-within-weeks-national-bank/