Banking shares, rising interest rates and Hydro One: what you need to know by investing this week

Looking for investment ideas? Here's your weekly summary of the latest findings and insights from The Globe of the Pros, Stock Market Tips, Portfolio Strategies and what Investors Need to Know for the Week Ahe

Why Canadian banking investors should shudder at each rate hike

The announcement by the Bank of Canada Wednesday of a rate hike and the increasing likelihood of a rise before the end of the year. year suggest that the future will be very different from that of Canadian banks, writes Ian McGugan. The Big Six and other lenders have flourished over the past quarter century, as households have more or less doubled their level of debt relative to their disposable incomes. But if we enter a period when loan growth will be slower and default rates will rise, bank stocks look much less bright.

Guide to Mortgage Rates, HELOCs, GICs, Savings and More

The era of incredibly low interest rates ended Wednesday, writes Rob Carrick. Rates are still low, but they are no longer a gift for borrowers and an investor's nightmare. Adjust your finances to this new reality by taking these five steps.

Read more: Variable vs. Fixed: A direct comparison of the two for today 's mortgage rate hike

Hydro One shares touched several badysts Bay Street badysts downgraded their views for Hydro One and investors have lowered the share price in response to the extraordinary decision of the Ontario government to push back the board of directors and the chief executive officer , Mayo Schmidt. The reshuffling of the leadership at Hydro One responds to one of Ford's election promises, writes David Berman, but the market has reacted badly. While badysts remain optimistic about Hydro One's long-term prospects, they have raised concerns about political uncertainty and other government measures that could reduce the company's profitability.

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