The Bank of Canada hiked its key policy rate by half a percentage point to 4.25 per cent -- the highest it's been since January 2008 -- on Wednesday in its final rate decision of a year that has been marked by stubbornly high inflation and rapidly increasing interest rates.As inflation continues to take its toll, some Canadians may also start taking a closer look at their spending habits.
Canadians hoping to purchase a home are being turned away from traditional banks, forcing them to seek out alternative lenders with pros and cons.To help combat inflation and help lower- and modest-income families, over the span of six months, Ottawa is issuing an additional one-time GST tax credit to eligible taxpayers. Personal finance contributor Christopher Liew breaks down who's eligible for the increased GST credit, explain how to get it, and how much you could receive.