The Canadian dollar is tied to commodity prices, so the Bank of Canada may respond by lowering interest rates to stimulate the economy if commodity prices fall further. High debt levels and interest rates are problematic for many Canadians who lack budgets and financial plans. Refinancing loans at lower interest rates, debt consolidation, and negotiating debts can help improve overall financial health.

12. THE CANADIAN
DOLLAR IS TIED TO
COMMODITY
PRICES. HOW WILL
THE BANK OF
CANADA RESPOND?

34. 34

41. 41
• Too much debt
• High interest rates
• High monthly
payments
• No family budget
• No plan

42. 42
• Equity take out
• Debt Consolidation
• Re-amortize
• Lower interest rates
• Negotiate debt
• Improve financial
health