January 26, 2021
- interest rate did not go up today in Canada, but it will go up 4 to 5 times this year
(that is a big increase by the end of 2022)
- parents may have to pay a lot more interest for their mortgage and car loans
- Canada cell phone plans are the MOST expensive in the world
[e.g. Hong Kong, 1000mins talk, 25G for $20]
[US, T Mobile, $3/day, turn off phone, no charge]
- higher interest rate means
1) food prices will go up [check prices for beef, milk, bread, apples]
2) fuel prices (gasoline) will go up (Toronto, regular gasoline $1.47/litre, about $80 to fill up a car)
- regular gasoline, mid-grade gasoline, supreme gasoline, supreme +
(87 Octane) (89 Octane) (91 Octane) (94 Octane)
Gasoline
Toronto | Vancouver | Halifax | Winnipeg | |
Regular gas | $1.47/litre | |||
Supreme gas | ||||
Diesel | ||||
- calculate how much it costs to fill up a 60 litre tank (regular gas only) in these places
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