This marks the third rate hold in a row from the Bank, following similar non-moves in June and April. Prior to this, the Bank was undergoing a cutting cycle, and had slashed its benchmark rate seven times, lowering it by 225 basis points between June...
We’ll walk you through a simplified process, from understanding your debt to learning about the tools available to you and creating a budget, and ultimately, how to stay out of debt going forward. If you’re ready to get a handle on your finances, let’s get...
How can you avoid credit card fees? When you use a prepaid card for travel like the EQ Bank Card, there’s no extra foreign exchange (FX) fee or international ATM withdrawal fee added by EQ Bank, helping more of your budget go towards travel instead...
But a new generation of ETFs proudly offers nothing of the sort. Like Canadian Depositary Receipts (CDRs), single-stock ETFs hold or at least derive their performance from just one underlying stock, often a major U.S. tech brand. In contrast to CDRs, though, this isn’t plain vanilla exposure. Many...
“There’s a lack of liquidity in the condo market, so that’s preventing potential move-up buyers from reallocating that money, or buyers from moving up in the market, potentially, because their condos aren’t worth what they expected them to be worth.” Selling a condo in Toronto? It’s...
Additionally, the scale of the changes will determine the price. “Let’s say you want to change your walkway, put in a couple of flower beds, some plants, maybe change the grass, completely revamp the front,” Negodenko said. “That could be anywhere from $8,000 to $15,000 for...
Fraudsters often approach their targets on social media platforms, sometimes pretending to be a friend or family member. In this short video, Julie Kuzmic, senior compliance officer, consumer advocacy,...
Asking your financial advisor about taxes I am sorry to hear your advisor has not been helpful, Louise. The financial industry has made it confusing for consumers, and most financial advisors do not really provide financial advice. They typically provide investment advice or insurance advice, generally...
Here are some of the ways we’re (not so politely) pushing back. 1. Saying good-bye to American products Surveys repeatedly show that Canadians plan to buy fewer U.S. goods. The provinces of Quebec, Ontario and British Columbia have removed American booze from their liquor stores, causing...
According to a Leger survey conducted for Allstate Insurance Company of Canada, 62% of Canadians say protecting their home while they’re away on vacation is their biggest worry. That concern is well founded: Allstate’s claims data shows that break-ins tend to spike during the summer...
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