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Apple tests generative AI tools to rival OpenAI's ChatGPT - Bloomberg News - Yahoo Canada Finance + MORE Jul 19th
Apple tests generative AI tools to rival OpenAI's ChatGPT - Bloomberg News Yahoo Canada FinanceAAPL Stock Hits Record High amid New AI Developments - TipRanks.com TipRanksApple Preps Ajax Generative AI, ‘Apple GPT’ to Rival OpenAI and Google BloombergApple is tes.... More »
Find the best mortgage rates in Canada Feb 4th
Mortgage rate comparison tool
Shopping around for the best rate can save you thousands on your mortgage. To instantly compare rate types and terms, click on the filters icon beside the down payment percentage in the Ratehub mortgage rate finder below. Input your location, the price of the home yo.... More »
The Bank of Canada Carolyn Wilkins: ‘Uncertainty lingers’ + MORE Oct 6th
Carolyn Wilkins. (Photograph by Erin Schaff)
OTTAWA — The Bank of Canada’s senior deputy governor says there’s still uncertainty around the long-hoped-for rebound of the country’s crucial non-resource export sectors.
In prepared remarks of a Quebec speech she was to deliver Thur.... More »
Why your bond ETF isn’t losing money + MORE May 28th
I frequently get asked questions about bonds. One reader named Andrew recently asked me: “I have been investing using your Couch Potato strategy for just over three years now,” he wrote. “However, does it still make sense to invest in bonds when they are continually losing money?”
As it happ.... More »
Our bucket approach to earning income in retirement + MORE Apr 4th
Save, invest, prosper with My Own Advisor.
Earning income in retirement
There is a wealth of information about asset accumulation, how to save within your registered and non-registered accounts to plan for retirement – when you’re no longer working. Or maybe you are working? Potentially .... 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
