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12 top personal finance books to read this summer Jun 11th
For obvious reasons, a lot of personal finance and retirement books come my way and, from time to time, we’ve dedicated a particular edition of this column to a single book. This one looks at a dozen noteworthy books I’ve read lately, or plan to—most of them published in the last few years.
If.... More »
Rising rates to boost vulnerability: PBO - Hamilton Spectator + MORE Jun 20th
Rising rates to boost vulnerability: PBOHamilton SpectatorOTTAWA — A new analysis says the expected, gradual rise of interest rates is poised to lift the financial vulnerability of Canadian households well above levels seen in the last three decades. The parliamentary budget officer's report .... More »
Where to buy Nvidia RTX 5080 and 5090 GPUs: Latest stock updates from Newegg, Best Buy, and Amazon - Business Insider Jan 30th
Where to buy Nvidia RTX 5080 and 5090 GPUs: Latest stock updates from Newegg, Best Buy, and Amazon Business InsiderASUS reveals launch pricing for GeForce RTX 5090/5080, up to $3,099 for 5090 ROG ASTRAL LC VideoCardz.comI spent a week pushing the Nvidia RTX 5080 to its limit an.... More »
Trudeau's cabinet has plenty of immediate priorities - Toronto Sun Oct 31st
Toronto SunTrudeau's cabinet has plenty of immediate prioritiesToronto SunJustin Trudeau and his new cabinet will be sworn in Wednesday and new ministers will have a full slate of work waiting as they slide into the backseats of their government limos for the first time. How quickly will the â€.... More »
TSX rises, Canadian dollar falls ahead of budget + MORE Mar 21st
The TSX was higher on Monday, while the Canadian dollar sank in quiet trading ahead of the federal budget..... More »
Nearly one in six could not handle $500 increase in mortgage payment: poll
– canadianbusiness.com
OTTAWA – Nearly one in six Canadians would not be able to handle a $500 increase in their monthly mortgage payments, a new survey from the Bank of Montreal suggests.
According to the bank, 16 per cent of respondents said they would not be able to afford such an increase, while more than a quarter, or roughly 27 per cent, would need to review their budget.
Another 26 per cent said they would be concerned, but could probably handle it.
Such an increase would be generated in the case of a three percentage point hike in interest rates — from 2.75 per cent to 5.75 per cent — on a $300,000 mortgage with a 25-year amoritization period.
Given that interest rates are likely to increase in the foreseeable future, the bank said there was no better time to put together a detailed debt management plan.
“The ultimate goal of most Canadians should be the elimination of debt, but the first step needs to be getting rid of bad debt, which has the potential to destabilize a household’s financial situation,” said Chris Buttigieg, senior manager of wealth planning strategy at BMO…
According to the bank, 16 per cent of respondents said they would not be able to afford such an increase, while more than a quarter, or roughly 27 per cent, would need to review their budget.
Another 26 per cent said they would be concerned, but could probably handle it.
Such an increase would be generated in the case of a three percentage point hike in interest rates — from 2.75 per cent to 5.75 per cent — on a $300,000 mortgage with a 25-year amoritization period.
Given that interest rates are likely to increase in the foreseeable future, the bank said there was no better time to put together a detailed debt management plan.
“The ultimate goal of most Canadians should be the elimination of debt, but the first step needs to be getting rid of bad debt, which has the potential to destabilize a household’s financial situation,” said Chris Buttigieg, senior manager of wealth planning strategy at BMO…
Oil’s drop to weigh heavily on earnings season
– theglobeandmail.com
Other parts of North American economy performed solidly, however, with automotive doing particularly well
