Last week saw a shakeup in the Canadian finance scene, as former Finance Minister Jim Flaherty took leave of his post. He has since been replaced by Conservative Toronto MP Joe Oliver – and the mortgage industry is holding its breath to see if he’ll follow in Flaherty’s policy tightening footsteps.
Since then, BMO has brought back their 2.99% mortgage, which Flaherty famously criticized last year. Be sure to check out our coverage, especially if you plan on being a home buyer this spring.
The BMO 2.99 Mortgage Rate Is Back!
BMO’s special 2.99 5-year fixed mortgage – touted as the rate that sparked a million mortgage rate wars – has returned in time for this year’s spring buying season. Will this recent rate cut set off a chain reaction of discounted rates among other lenders? Can buyers expect the low-rate environment to stick around? Read on to find out.
Read Penelope’s Blog | The BMO 2.99 Mortgage Rate Is Back!>
11 Audit Triggers You Could Be Guilty Of
Being audited sounds as pleasant as having your teeth pulled, but it’s a common part of the CRA’s tax process – and is bound to happen to you at least once. While audits are often due to high-risk claims, common tax mistakes can also prompt the CRA’s hairy eyeball. Here are the top triggers you should avoid making.
Read Andrew’s Blog | 11 Audit Triggers You Could Be Guilty Of
Canadian Inflation Rate Drops
The Canadian inflation rate saw little growth over the winter, with the latest Stats Can report finding it actually dropped in February. Does this mean interest rates will stay put for longer? CIBC Chief Economist Avery Shenfeld explains the potential impact on our economy.
Read Jaclyn’s Blog | Canadian Inflation Rate Drops
Ontario Debt Twice As High As California’s
A new study finds Ontario debt is twice has high as California’s! What does this mean for the province, and taxpayers?
Read Rubina’s Blog | Ontario Debt Twice As High As California’s
LIBOR and CDOR Scandal: What Investors Should Know
LIBOR and CDOR are methods used to set interest rate prices in England and Canada – but the practice has been under fire lately, as scandal surrounds British interest rate rigging. Could this affect your investments?
Read Allan’s Blog | LIBOR and CDOR Scandal
WIN $2,014 to Pay Off Your Debt!
Is your credit card debt keeping you up at night? Put a dent in your debt with our $2,014 grand prize! Take The Canadian Debt Survey for your chance to WIN!
Score a $25 gift card in our weekly giveaway! To enter, visit @ratesupermarket and answer the following with #RSMWIN:
Q: Do you plan to use an accountant to file your taxes?
The Finance Link Lineup
Pensions 101: Not sure where to start with your retirement plan? Money Wise writer Sean Cooper is featured as guest expert in Preet Banerjee’s Mostly Money Mostly Canadian podcast. Via Where Does All My Money Go