Alas, today the big Canadian banks are finally seeing fit to lowering their prime lending rates by 0.15% to 2.85% from 3%. This move made after initially indicating, last week, that they would not change their Prime rates when the Bank of Canada (BoC) lowered it’s Key rate by 0.25% on January 21st. The last […]
Major Canadian FI’s Give In and Lower their Prime Lending Rates Read More »
People will often wonder why the US has such a big impact on Canada’s economy. Here in a few short words Peter Hall, Chief Economist of EDC sums it up from a global perspective: Per capita, American consumers are among the richest in the world, operating in the planet’s top domestic market. Consumers account for
13 Cents Can Be a Lot of Money Read More »
This week the Government of Canada issued it’s first 50 year bond at an interest rate of 2.96%! It sold $1.5 billion at double the minimum target. If this isn’t an indication of low stable interest rates for an extended period of time then we can’t think of anything else that is. This was a
Canada Issues First 50 Year Bond Read More »
Today the Bank of Canada has, on it’s scheduled announcement date, decided to again leave their Key Overnight Lending Rate alone at 1%. This should in turn influence key Canadian financial institutions to leave their Prime lending rate(s) at 3%. We have a allot of respect for people that can take the driest of subject
B of C Rate Announcement – English Literature at its Finest Read More »
Know Your Mortgage Before You Sign on the Dotted Line A client friend called me today to see if it was a good time to convert her adjustable rate mortgage into a fixed rate. She told me that her sister had a mortgage at RBC and had just been offered a fixed rate of 4%
Converting Your Adjustable/Variable Rate Mortgage Read More »
Is it wise to draw equity from your property to: Buy real estate? Go on vacation? Invest in RSP’s? Invest in non-RSP’s? Spend on education? Consolidate debt? These are a sample of the most popular questions that are asked us as financial planning experts from the debt side of the ledger. With many years of
Is It Wise to Draw Equity from Your Property? Read More »
