Fiscal cliff update: The deadline has passed and measures have been implemented – temporarily. What does this mean for both American and Canadian economies?
The decisions made on the U.S. Fiscal Cliff will affect economies all over the world. Fast action is needed to minimize the financial impact – and solutions that may have worked for the European debt crisis just won’t cut it for the world’s largest economy.
Could you use a little extra cash? In today’s tough economy, who couldn’t? This week on Money Wise, we’re exploring an increasingly popular method of borrowing – a home equity line of credit. The problem – many Canadians don’t know what they are, and with household debt levels at record highs, HELOCs can add even more fuel to the fire.
The U.S. election has come and gone, with Barack Obama re-elected for his second term. Now, attention can be turned to the looming fiscal cliff, and the measures required to avoid it. What is the fiscal cliff, and how will it affect the Canadian and global economy?