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.
Two December debt reports were released this week with some dire news for Canadian consumers. Here’s what you need to know, plus the week’s top finance headlines.
The Bank of Canada’s December interest rate announcement was released this week – and while there were no surprises around unchanged central bank rates, new language hints at growing concern due to rising debt levels. Here’s what you need to know.
It’s a season of change for finances as new mortgage and credit card rules come into play. Here’s what you need to know, along with the week’s top headlines.
Check out this week’s MoneyWise Roundup for Halloween savings and the latest mortgage and personal finance news.