Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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BoC expected to raise rates again this week, vying to quash inflation faster - CTV News + MORE Jul 9th
BoC expected to raise rates again this week, vying to quash inflation faster CTV NewsHow to prepare for Bank of Canada's anticipated interest rate hike this week Global NewsCanadian banks poised for 0.25% interest rate hike: lot of pain yet to come, economist says Ya.... More »
The best American Express credit cards in Canada for 2023 + MORE Nov 1st
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The best American Express credit cards in Canada for 2023
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The 16 best credit cards in Canada for August 2023 + MORE Aug 16th
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The 16 best credit cards in Canada for August 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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The best 5-year fixed mortgage rates in Canada Jun 8th
Mortgages
The best 5-year fixed mortgage rates in Canada
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Declined for a much-needed loan or credit card? There are other options Sep 21st
Unlike the major banks and payday lenders in Canada, the alternative lending market is less directly regulated, and that can expose consumers to greater risks when borrowing, Lesley-Anne Scorgie writes..... More »
Advice for cash-strapped renters and landlords during COVID-19
– moneysense.ca
When the COVID-19 pandemic swept across North America in early 2020, it created a wave of income loss that impacted people from all walks of life. While some individuals have been hit harder than others, it’s difficult to find a group or industry that hasn’t been affected. A small segment of the population will have sufficient savings to fall back on, but the majority of Canadians who live paycheque to paycheque, will find it difficult to keep up.
There are ways to trim a budget and save a few dollars, but at the end of the day, a person’s basic needs must be met. Food and shelter are at the top of the list. This need was partially addressed through federal relief measures including the Canada Emergency Response Benefit (CERB), and again in a collective announcement by the six big Canadian banks, which promised new mortgage deferral options and more.
Unfortunately, many Canadians still aren’t making ends meet—and what options exist for those who don’t own their home but, instead, rent?
Many tenants are in financial distress, as are landlords who rely on rental income to survive…
There are ways to trim a budget and save a few dollars, but at the end of the day, a person’s basic needs must be met. Food and shelter are at the top of the list. This need was partially addressed through federal relief measures including the Canada Emergency Response Benefit (CERB), and again in a collective announcement by the six big Canadian banks, which promised new mortgage deferral options and more.
Unfortunately, many Canadians still aren’t making ends meet—and what options exist for those who don’t own their home but, instead, rent?
Many tenants are in financial distress, as are landlords who rely on rental income to survive…