Looking for a mortgage in B.C.? Don’t limit your options to the big banks Nov 9th
The U.S. wants Venezuelan oil. Does that undercut Canada's leverage in trade talks? - CBC Jan 10th
Oil prices rise above $100, North American stock market holds steady as U.S.-Iran tensions continue - CBC + MORE Apr 13th
Joe Canavan on what it takes to build lasting wealth + MORE May 7th
The best GIC rates in Canada for 2025 Jan 20th
Corus Entertainment buys breathing room in new debt deal with lenders – The Globe and Mail
– news.google.ca
Making sense of the markets this week: October 27, 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.
High rates be gone!
The Bank of Canada (BoC) wasn’t in the mood for taking baby steps this week, as it cut its key interest rate from 4.25% to 3.75%. The 0.50% rate cut was larger than what we’ve seen over the last three months. And, it’s the first time for a 50 basis point cut since 2009, outside of what was happening during COVID-19. (A basis point, a.k.a. BPS, is 1/100 of 1%.)
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The options markets didn’t move much based on the news, and the swap-trades market is still predicting the key lending rate will be close to 2…
