Unpredictable Economy Places Premium on Expert Advice
The relative uncertainty with respect to growth and inflation rates in the short to medium term has spilled over to housing decisions. Recently, lower than expected growth and inflation rates led Bank of Canada chairman Mark Carney to put off an interest rate hike for at least six weeks. In all likelihood, a rate hike…
Read moreA higher Canadian dollar is helping on the “Home” front.
There has been a great deal of concern as our Canadian dollar gained in strength and economist were concerned that the high value of our currency would negatively impact trade with our export partners. That are less willing to pay higher prices for or goods. However, there is a bright side to this on the…
Read moreBank of Canada Governor’s View Going Forward
Mark Carney, the Bank of Canada Governor Gives Canadians Fair Warning on Personal Debt Levels
Read moreA Warning Shot Fired over Household Debt and Mortgage Affordability
Bank of Canada Governor, Mark Carney, warns that low interest levels will not be a permanent feature of the economic landscape, and Canadians will need to address record levels of household debt.
Read moreRepay Your Debts First, Save Later
Individuals in their 20’s and 30’s should concentrate more on paying down high-interest debt and funding a savings account, and less on large contributions to RRSPs.
Read moreOptimism Up on Canadian Economy
Bank of Canada says confidence in economy recovery is on the rise
Read moreRevenue Canada Backpedals on TFSA
Revenue Canada is giving account holders more leniencies before charging penalties due to widespread misunderstanding of account rules.
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