Delivering you the very best money tips, news, and how-to's in Canada every single week. Wondering how to break up with your bank, how to save thousands on your mortgage, or how the latest economic news affects you? You're in the right place.
You’ve probably heard the saying before: “Everything in life moves in cycles.” And guess what, this same wisdom applies to the financial life cycle as well. So – what does the current credit cycle tell us about growth investments? Let’s look back from the financial crisis of 2008, to where we are today. Ready?
READ MORE
It doesn’t take kids long to recognize the power of plastic. My oldest daughter is barely six, but if my wife or I try to use the “I have no money…” line to get out of buying another toy or treat, she’s likely to say, “Well, use your credit card.” The point being, she gets how to use them, she just doesn’t really understand how they work. Should you give your kids a credit card? And, if so, when?
READ MORE
Do you still have those dreams where you’re in school and you’ve missed or made a huge mistake on an important test. Sorry to make you anxious, but you’re actually still being tested, possibly without you realizing it. Every time you borrow money, use your credit card or pay a bill, you’re being evaluated by Canada’s financial system. Your grade is your credit score.
READ MORE
It has been said that January 23 is the most depressing day of the year. Typically, this is because it’s the date you receive your credit card statement, which is usually filled with a few too many holiday gift purchases. At RateSupermarket.ca, I feel like we’ve spent a lot of time talking about ways to manage debt, especially before and after the holidays. What we’ve never done before is focus on other ways to battle depression at this time of year.
READ MORE
This past Tuesday the Bank of Canada had their first meeting of 2012 to discuss any changes they were going to make to the overnight lending rate. Low and behold … no change. This came as no big surprise to Canadians and the overnight rate remains steady at 1%. FYI the next meeting is scheduled for March 8th, 2012. How does this impact the mortgage industry exactly?
READ MORE
Want to know what the outlook is on mortgage rates for the next 30 to 40 days? Our panel of mortgage experts share their views on Canadian Mortgage Rate Trends.
Panel Consensus
January 2012
