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T Don't be at risk when future interest rates rise dividual basis it all boils down to one thing: how much are interest payments on our debt when everything from a line of credit to a mortgage is affected? Since Canadians have never been so indebted, the future interest rates are more important to us than ever before. The Canadian economy is managed by the Bank of Canada. For years the target rate of in ation has been two per cent with an acceptable range of between one-three per cent per year. In ation is the measure of how much more expensive goods and services are from 31 | Thursday, November 28, 2013 | OAKVILLE BEAVER | www.insideHALTON.com he force driving change within our nancial world over the next few years will be increasing interest rates. There are two factors to consider when anticipating future interest rates: why they will rise and how this increase will affect you? What is of concern is the timing of future increasing interest rates. We as individuals are all affected by the Canadian economy. The starting point is to consider the underlying economic factors driving interest rates. Economists refer to the management of interest rates as monetary policy. On an in- Dollars & Sense Peter Watson Guest Contributor year to year. The best way for the Bank of Canada to implement its in ationary goal is by adjusting interest rates. The current rate of in ation in this coun- try is a modest 1.1 per cent -- lower than the target rate and dangerously close to dropping out of the acceptable range. That is the reason our interest rates are at historic lows. We need economic stimulus. Businesses are doing better because of the low cost of borrowing and consumer overspending. As far as the management of the Canadian economy is concerned, all is well. The goal of low interest rates is to return the economy to full capacity. Getting back to our position prior to the world's nancial see Increased on p.32 NOW AUDITIONING FOR OUR TEAM Get hands-on training that pays. APPLY NOW FOR 2014 START DATES! February 24, 2014 Electrical Training Program (22 weeks) March 10, 2014 Industrial Millwright/Machinist (22 weeks) April 14, 2014 Home Renovation Program (26 weeks) Chris, Electrical graduate Please call for your audition number *You must have audition number to attend Date: Place: Time: Monday December 2 Monte Carlo Inn, Oakville 374 S. Service Rd. E. (QEW & Trafalgar Rd) 6:30pm www.a-listint.com 416.312.4309 For more information, call 905.333.3499 x121 or visit wannatrade.ca HOLIDAY TRUNK SHOW AT K N A R J E W E L L E R Y Wednesday, December 4 12:00 p.m. ­ 9:00 p.m. 321 Cornwall Rd. Join us for hors d'oeurves, live entertainment, holiday cheer and the newest styles from: SARTORO FREDERIQUE CONSTANT TAMARA COMOLLI Plus, support your local firefighters with a toy donation or the purchase of their 2014 calendar! J E W E L L E R Y OAKVILLE | 321 Cornwall Rd. | (905) 815-8777 | Knar.com