(Mike Murphy)
(File Photo)
Small business owners should prepare for an increase in interest rates.
Mike Murphy of the Bank of Montreal in Saint John tells CHSJ News a change is expected from the low rates right now.
Murphy suggest small businesses should speak to someone about removing or reducing the risk by restructuring debt or securing longer-term interest rates.
Murphy suggests consumers can use BMO’s online tool called “Smart Steps” to reduce other bank fees.
