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7 ways to protect yourself from ID theft + MORE Jan 7th
Avoiding identity theft is becoming ever more challenging in Canada. The Canadian Anti-Fraud Centre (CAFC) received more than 11,000 identity theft and fraud reports in 2023, and both government and financial institutions report an increase in cases.
According to the CAFC, these are some of the m.... More »
Body of missing Markham realtor found, 3 youths facing weapon, fraud charges - Toronto Star Aug 22nd
Body of missing Markham realtor found, 3 youths facing weapon, fraud charges Toronto StarRemains of missing Markham woman found CTV News Toronto‘Burned human remains’: Body of missing Ontario real estate agent identified Global News HamiltonBody of missing Markha.... More »
Heading to college or university? Follow these smart money habits Aug 13th
New-found freedom and an early taste of adulthood await many young adults starting post-secondary education this fall.
With freedom comes responsibilities: attending classes and studying while also maintaining a social life and making time for chores, meals and maybe even a part-time job—all .... More »
Nvidia beats revenue expectations in Q2, but fears of a tech bubble persist + MORE Aug 29th
Nvidia’s sales of its artificial intelligence chipsets remained a hot commodity during the company’s latest quarter, but the demand wasn’t quite feverish enough to ease recent worries that the AI craze may be fading.
The results announced Wednesday were hotly anticipated because Nvidia has .... More »
The MoneySense Find a Qualified Advisor Tool + MORE Mar 21st
Welcome to the MoneySense Find a Qualified Advisor tool. We’ve partnered with the Financial Planning Association of Canada (FPAC) to create a directory of credentialled advisors providing financial planning and investing services across Canada. All of the advisors in our Find a Qualified Advisor t.... More »
The after-effect of market lows: a drop in fixed mortgage rates
– moneysense.ca
When markets drop like they did on Monday, you may not immediately think of the impact on mortgage rates. We’ve been relying on the Bank of Canada to nudge rates lower, namely for variable mortgages. But fixed mortgages got a news headline-worthy update today, thanks to bonds, which are reacting to yesterday’s global stock sell-off.
Bond yields have a “positive correlation” with fixed mortgage rates. That means when bond yields go up, so do fixed-rate mortgages, and vice versa. And since Canadian five-year government bond yields have dropped to 2.9%, as of Tuesday, mortgage rates are expected to come down, too.
What are bonds?
Bonds are a form of debt security. Governments and corporations issue bonds to borrow money from investors. The amount borrowed is referred to as the bond’s face value or par value.
Interest is paid on the face value to reward investors for lending their money. The rate may be fixed—constant over the duration of the bond—or variable, changing over time in response to changes in a benchmark interest rate such as the prime rate…
