Bank of Canada announced this morning it is leaving its benchmark rate unchanged at one per cent. This comes after the Bank raised rates in twice this year…
As the prime rate rises, so does the cost of borrowing money, or taking out any type of loan. Here are other areas where students can expect rising interest rates to affect their finances come September.
For the second time in three months, the United States Federal Reserve has raised its target interest rate by 0.25 percent, now up to 0.75 per cent. The move reflects that the U.S. economy is improving. It also means further hikes this year by the U.S. Fed will likely be gradual. In a statement issued …
Most Canadians can afford to pay off their credit card bill each month but surprisingly, a good portion of them don’t, according to a recent study. The problem: They’re paying too much attention to…
If you’ve fully used up your credit limit but you’re still hoping to improve your credit score, there are a few ways to do so. Read on for some tips that will help ensure your score bounces back in the future.
As 2016 winds down, it appears more and more that U.S. Fed chair Janet Yellen will announce an interest rate hike before we ring in the new year. How would this impact Canadians? Read on to find out more.
Fixed rate mortgages are pretty straightforward, but a variable rate mortgage depends on the Bank of Canada’s overnight lending rate. So what happens if that rate should change? Read on to find out!
There was no change revealed in the Bank of Canada May announcement. How will this impact your mortgage rate – and what does it mean for the economy? Read on for the full story.
What’s the lifeblood of Canada’s workforce? A great idea, solid business plan and plenty of courage, for starters. Small business owners drive Canada’s economy – and they’re faced with financial challenges every step of the way.
Uprooting your entire life to settle in a new country is challenging enough – and for many immigrants to Canada, it means starting over with their credit history. Often, the quickest way to build that all-important rating is with responsible credit card use. We’ve outlined a few options here for new immigrants starting fresh with their finances.