Canadian borrowers could face payment shock if interest rates rise

More than 700,000 Canadian borrowers could be facing payment shock on their debt obligations if interest rates rise by a quarter point, and that rises to as many as one million people should rates go up by 1 per cent, says a study by credit monitoring firm TransUnion. http://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/canadian-borrowers-could-face-payment-shock-if-interest-rates-rise/article31838268