Are more rate cuts likely? In announcing the rate cut Wednesday, Bank of Canada governor Tiff Macklem said if inflation continues to ease broadly in line with the bank’s July forecast, it is reasonable to expect further cuts in the policy rate. Julie...
The essential guide to inheritance planning Neglecting to plan your inheritance is a bit like leaving your garden unattended for a few seasons. What starts as a minor oversight can quickly turn into a jungle of complications. Shockingly, two-thirds of Canadians haven’t put their estate...
The quarter-percentage-point reduction was widely expected by forecasters, given ongoing softness in the economy and easing inflation. In his opening remarks on Wednesday, governor Tiff Macklem said the central bank’s decision to bring its key lending rate down to 4.25% was motivated once...
Sure, investing in these ETFs means you’ll forfeit 15% of your dividends to withholding tax. Yet, for many, it’s a worthwhile trade-off to gain access the most significant U.S. equity index—a benchmark that, according to the Standard & Poor’s Indices Versus Active...
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...
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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...
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