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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Do you need mortgage life insurance? Sep 22nd
Ask MoneySense
I am a single, 70-year-old with a reasonable mortgage of $115,000. I have no family and no dependants. I find that the life insurance on my mortgage is too expensive. Do I need mortgage life insurance anyway? What for?
—Katerina
What is mortgage life insurance?
I’m glad.... More »
The best instant approval credit cards in Canada 2022 Oct 12th
If you’re applying for a credit card, chances are you want it as soon as possible. Unfortunately, you often have to wait several days to see if you were approved, and then wait some more while the card makes its way to you in the mail. The good news is many credit cards now offer instant approval..... More »
What would a central bank digital currency mean for Canada? We ask 5 experts Jul 11th
Canadians have long embraced digital transactions. We make purchases, pay bills and transfer money to people around the world with the tap of a card or the click of a button—every single day. We do all of this using regular, government-backed Canadian dollars.
Yet the Bank of Canada (BoC) is ac.... More »
Big banks announce layoffs and more bad loans as TD, Royal and CIBC post quarterly results - CBC News + MORE Nov 30th
Big banks announce layoffs and more bad loans as TD, Royal and CIBC post quarterly results CBC NewsIgnore the noise, buy Canadian banks: portfolio manager BNN BloombergBank earnings: Expert reaction as CIBC, RBC, TD report results BNN BloombergA breakdown of the big .... More »
Making sense of the markets this week: January 23 Jan 22nd
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
U.S. earnings season is in full swing
Earnings season is off and running. As always, the financials were battling to be the lead-off batter, as we look .... More »
Making sense of the markets this week: April 5, 2021
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Serious concerns over the Canadian housing bubble
BMO has sounded the alarm with strong warnings about what many are calling a housing bubble in Canada. In fact, it’s on fire. From a Yahoo! Finance post…
“One of Canada’s biggest banks is calling on policymakers to act immediately as a ‘fire department’ for blazing housing markets.
“Bank of Montreal (BMO) senior economists laid out a series of recommendations in a new report titled Canadian Housing Fire needs a response and rated how effective a number of those measures would be.”
Some areas across the country are experiencing year-over-year price gains in the area of 30% to 35%. There is a low inventory and a shift in demand thanks to the pandemic. Low borrowing costs are adding fuel to the fire.
BMO said the most acute problem is market psychology, even as supply-side issues persist. “The action needed today is one that immediately breaks market psychology and the belief that prices will only rise further…
Serious concerns over the Canadian housing bubble
BMO has sounded the alarm with strong warnings about what many are calling a housing bubble in Canada. In fact, it’s on fire. From a Yahoo! Finance post…
“One of Canada’s biggest banks is calling on policymakers to act immediately as a ‘fire department’ for blazing housing markets.
“Bank of Montreal (BMO) senior economists laid out a series of recommendations in a new report titled Canadian Housing Fire needs a response and rated how effective a number of those measures would be.”
Some areas across the country are experiencing year-over-year price gains in the area of 30% to 35%. There is a low inventory and a shift in demand thanks to the pandemic. Low borrowing costs are adding fuel to the fire.
BMO said the most acute problem is market psychology, even as supply-side issues persist. “The action needed today is one that immediately breaks market psychology and the belief that prices will only rise further…