What does the rate cut mean? The immediate impact of today’s rate cut will be interest rate relief for Canadians. As a result of today’s rate cut, most Canadian lenders will now lower their prime rates to 6.45%, from the previous 6.7%. This in...
The deciding factors around bonds vs. GICs When deciding which to choose, Koivula says that the two most common considerations are liquidity and simplicity. “When you buy a five-year GIC, your money’s locked away a long time, and a lot can change in five...
Canada is warming twice as fast as the rest of the world, according to a report by the federal government in 2019. The highest temperature increases are in the North, the Prairies and northern B.C. Over time, we’ll see more precipitation, snowstorms,...
I am a big fan, Grandma Wanda, of grandparents funding RESP accounts for their grandkids. I think it can be a great way to help your children indirectly, and it might be better than giving unnecessary gifts to your grandkids, especially once...
PC Financial World Elite MastercardVISIT PCFINANCIAL.COM FOR MORE DETAILSVISIT PCFINANCIAL.COM FOR MORE DETAILS Card details Interest rates21.99% on purchases, 22.97% on cash advances (21.97% for residents of Quebec), 22.97% on balance transfersIncome requiredPersonal income of $80,000 or household income of $150,000Credit score560 or higherPoint...
Couche-Tard takes aim at Slurpee King Because I grew up in near Winnipeg, the Slurpee Capital of the World, I thought I knew everything the 7-Eleven universe had to offer. Then, I visited Japan and Thailand last year. I realized that I hadn’t...
Samsung, meanwhile, says its lithium ion batteries do best when kept above 50% charge. It advises against running the battery down. “Repeatedly allowing the battery to drain fully may shorten its life and decrease its overall capacity,” the company says in an online guide. “If...
How a reverse mortgage impacts your home equity Reverse mortgages, second mortgages and home equity lines of credit (HELOCs) provide three different ways to create cash flow from a house you own. Of these three options, however, only the reverse mortgage does not...
The company reported a net income of $16.6 billion. (All figures are in U.S. dollars.) Adjusted for one-time items, net income was $16.95 billion. Revenue rose to $30 billion, up 122% from a year ago and 15% from the previous quarter. By comparison,...
But picking a fixed mortgage rate can be problematic if you decide to sell your house and are forced to break your mortgage contract in the middle of your term. The penalties associated with breaking a fixed-rate mortgage can be very costly. Thankfully,...
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