For the first time this year and for the second time in almost a decade, the U.S. Federal Reserve is raising its key interest rate. The central bank announced it is increasing its benchmark rate by 25 bases points, to a still-low range of…
Bank of Canada Rate Update – December 7, 2016 As expected, the Bank of Canada is holding its benchmark interest rate at 0.5 per cent. The scheduled announcement today was in line with expectations. “Following a very weak first half of 2016, growth in the third quarter rebounded strongly, but more moderate growth is anticipated …
If you woke up on Wednesday morning and were surprised by the U.S. presidential election results, you’re not alone. We’re taking a look at the effects that Trump leadership could have on the Canadian economy.
As expected, the Bank of Canada is holding the overnight lending rate at 0.5 per cent – where it’s been since July 2015. Read on for the Bank’s revised forecast for the Canadian economy.
No surprise this time around: The Bank of Canada is leaving the overnight lending rate at 0.5 per cent – where it has been since July of 2015. Read on to find out how this will impact fixed and variable rate mortgages.
It’s Canada’s largest-ever transfer of wealth: Canadian Baby Boomers will be on the receiving end of inheritance worth a total of $750-billion over the next decade.
Canadians feel 5% less optimistic about their 2016 finances, according to a poll from CIBC. Debt repayment fears seem to be the main culprit. Here’s what you should know to start your finances on the right foot this year.
It’s important that snowbird seniors are covered from a financial and insurance point of view with they travel south – but today’s lower loonie may mean extra financial challenges this winter. Here are 7 tips for coping financially.
Is a Canadian recession inevitable? Recent economic data paints a grim picture, and many believe the Bank of Canada will respond with another rate cut. Here’s what you need to know.
2014’s record low mortgage rates have lasted into the new year with no change in sight, according to RateSupermarket.ca’s expert Mortgage Rate Outlook Panel.