by Stephanie Procter | Dec 6, 2023 | Uncategorized
The Bank carries out monetary policy by influencing short-term interest rates to stimulate or slow the economy. It does this by adjusting the target for the overnight rate on eight fixed dates each year. Your variable rate mortgage, line of credit and/or student loans... by Stephanie Procter | Apr 24, 2023 | Uncategorized
Despite the pandemic’s influence on our approach to work, self-employment is still a preferred choice; 87% of Canadians say they would choose to be self-employed rather than forced into it. If you’re a business owner or are self-employed, there are many opportunities... by Stephanie Procter | Apr 12, 2023 | Uncategorized
Your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update from us on the recent Bank of Canada announcement. As of 10:00 AM EST on April 12, 2023: Bank of Canada Held the Overnight Rate at 4.5%... by Stephanie Procter | Apr 12, 2023 | Uncategorized
Just days after the Bank of Canada announced no change to its benchmark lending rate in March, turmoil gripped global financial markets as the collapse of two major US institutions raised questions about the stability of the banking sector. But did you know that...
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