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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The best high-interest savings accounts in Canada for 2024 + MORE Jun 17th

Save The best high-interest savings accounts in Canada for 2024 Here are the accounts offering the highest interest rates and lowest fees. Compare now Tap the button for more details. W.... More »

Alex Jones ordered to sell assets to pay Sandy Hook debt - BBC.com Jun 15th

Alex Jones ordered to sell assets to pay Sandy Hook debt  BBC.comJudge rejects bankruptcy plan for Alex Jones’ Infowars but allows him to liquidate his personal assets  CNNJudge orders liquidation of conspiracy theorist Alex Jones′s personal assets  The GuardianAlex.... More »

The best GIC rates in Canada for 2024 Jun 14th

Investing The best GIC rates in Canada Find the best GIC rates in Canada. Plus, everything you need to know about how they work. Compare now Why trust us MoneySense is an award-winning magazine,.... More »
investment

What does Nvidia’s stock split mean for Canadian investors? + MORE Jun 13th

“Should I be buying that artificial intelligence (AI) company, the one that’s done the stock split?” It’s a question I received from a number of Canadian investors in the week leading up to Nvidia’s 10-for-1 stock split on June 10. Many didn’t even know the name of the company or what it.... More »
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Kenneth Doll, fee-only, advice-only financial planner + MORE Jun 11th

Meet Ken Doll Ken has been providing financial, retirement and estate planning solutions for over 28 years. He has worked with prominent families, professional athletes (NHL players), executives, business owners, professionals, and farmers and ranchers, many with a high net worth ($2 million to o.... 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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