Home Breadcrumb caret Practice Breadcrumb caret Planning and Advice Debt in a time of rising rates How will rising rates affect your clients, particularly those with debt? By Staff | June 17, 2022 | Last updated on June 17, 2022 1 min read In June, the Bank of Canada raised rates for the second time this year, putting the benchmark interest rate at 1.5%. How will rising rates affect your clients, particularly those with debt? What does the current environment mean for their retirement plans? We examine several issues and explain how to have the necessary but difficult discussions. How to talk to clients about debt Is my client’s RRSP protected if they go bankrupt? Planning for retirement amid persistent inflation Securing credit in a rising-rate environment As rates rise, household borrowing grows too Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo