Making sense of the markets this week: June 9, 2024 Jun 7th

All about Canadian investments. Learn the ins and outs and get the latest news.
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6 things to consider before borrowing from the Bank of Mom and Dad for your first home Jul 10th

As homes remain unaffordable to many Canadians, more and more young adults are turning to the Bank of Mom and Dad to help with a down payment or with mortgage payments. A recent CIBC survey showed that 31% of first-time home buyers in Canada received financial help from their parents or a relative, .... More »

The best GIC rates in Canada for 2025 + MORE Feb 10th

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 navigat.... More »

GST holiday break: Is it good for Canada’s economy? + MORE Nov 22nd

The federal government’s “meaty” move to pause federal sales tax on a long list of items and send cheques to millions of Canadians this spring could factor into an improving outlook for growth in 2025, economists say. The plan, which will cost about $6.3 billion, could put some upward pressur.... More »

Open bidding in Ontario: Game-changer or business as usual? Aug 22nd

If you’ve ever bought or sold a house, you may have experienced a bidding war. And how you felt about it likely depends on which side of the transaction you were on. A bidding war can increase the sale price of a property by encouraging buyers to start with their strongest offer and even spend mor.... More »

Constellation Energy Stock Surges on Deal to Buy Calpine - Barron's Jan 10th

Constellation Energy Stock Surges on Deal to Buy Calpine  Barron'sCPPIB sells stake in U.S. energy producer Calpine  The Globe and MailConstellation Energy Jumps On $26 Billion Deal. But There's Risk.  Investor's Business DailyCPP Investments to Sell Stake in Calpine Co.... More »
Making sense of the markets this week: June 9, 2024Kyle 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.

“The Big Cut”

While The Big Short film is a riveting watch, “The Big Cut” may be even more enthralling. 

The Bank of Canada (BoC) made the decision to cut its key interest rate to 4.75% on Wednesday. It’s the first rate cut since March 2020. With about $700 million worth of mortgages coming up for renewal in Canada this year, “The Big Cut” is going to affect a lot of Canadians.

“We’ve come a long way in the fight against inflation. And our confidence that inflation will continue to move closer to the 2% target has increased over recent months.”
– BoC Governor Tiff Macklem 

Macklem also said: “Total consumer price index inflation has declined consistently over the course of this year, and indicators of underlying inflation increasingly point to a sustained easing…

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