Making sense of the markets this week: July 14, 2024 Jul 12th

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Canada's largest office REIT cuts payout by 60%, units rise on TSX - Yahoo! Finance Canada + MORE Dec 1st

Canada's largest office REIT cuts payout by 60%, units rise on TSX Yahoo! Finance CanadaAllied Properties REIT cutting its monthly distributions to six cents per unit BNN BloombergAllied Provides Update on Distributions The Globe and MailAllied Properties REIT cuts m.... More »

The best GIC rates in Canada for 2025 + MORE Oct 20th

GIC comparison tool Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate m.... More »

Canadians fear a tougher road to retirement—and plan to help their kids along the way Feb 10th

Canadians are going into this year’s RRSP season in a somewhat pessimistic mood. Two-thirds say it will be more difficult for them to save and invest for their retirement than it was for their parents, according to BMO’s latest Retirement Survey. Canadians expect a tougher retirement than the.... More »

How to fund accessible home renovations in Canada + MORE Jul 5th

My house, as I told my insurance broker recently, is the Canadian housing equivalent of ancient. Built in the 1910s in Saskatoon, this house has many foibles. To hang pictures, I have to use wood screws lest regular nails bounce off of the layers and layers of paint. My basement is a little more tha.... More »

How do the RRSP contribution carry-forward rules work? + MORE Aug 1st

Ask MoneySense If I have $25,000 contribution room left in my RRSP, can I take that all at once plus my regular RRSP contribution of $31,560 for the tax year 2024? Effectively making a contribution of $56,560 to my RRSP?—Lorraine The rules around RRSP contribution room As soon as a ta.... More »

Making sense of the markets this week: July 14, 2024

– moneysense.ca

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.

Are U.S. rate cuts on the way?

While Canada’s inflation rate is obviously at the forefront around decision making for the Bank of Canada (BoC) in setting the key interest rate, inflation below the border is also a major consideration. Arguably, policymakers are loath to devalue the Canadian dollar beyond a certain level. Consequently, if U.S. inflation stays high—and U.S. interest rates correspondingly stay high—it will likely impact just how quickly the BoC can cut our interest rates.

“The Canadian and American economies are very closely intertwined, especially when it comes to the cost of borrowing. Historically the BoC and the Fed have mirrored each other in terms of monetary policy (the act of cutting, holding, or hiking their benchmark interest rates).”
—Penelope Graham, mortgage expert

Markets were mostly flat on Thursday after the U…

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