I get it – it’s hard to save money. The same applies to some of our routines and changes that we want to make. If it’s too daunting, then we just ignore it or avoid it. So when I read a newsletter about a 1% change, I thought – that’s […]
Susan
27 posts
As predicted, the Bank of Canada raised its benchmark interest rate yesterday for the first time since 2018. Prime has increased from 2.45% to 2.7%. Positive Highlights from today’s announcement: Economies are emerging from Omicron quicker than anticipated Household spending remains consistent and should continue to increase COVID restrictions have […]
Beyond expectations of a rate hike, the Bank of Canada held its rates today stating, “The Canadian economy entered 2022 in a strong position.” I know there is concern about rates increasing. Although, we all fear rate increases, the reality is that the rates are extremely low and increases will […]
Here we are at the end of December and the end of another year. It may have been a great year for you or a challenging year. Life is different for each of us. As we head into a new year, do you make resolutions? Last year, I posted a […]
The Bank of Canada will hold its rates for the time being – overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. A few highlights from today’s announcement: Canada’s economy grew by about 5½ percent in […]
I’m generally a very happy person. I like to make my clients happy; I like to keep my children happy; along with all my family and friends. Everyone has tough days so it’s not easy to stay happy – it requires work. Would you agree? I’d like to say it […]
The Bank of Canada did not increase rates last month but there is talk of rate increases into the second quarter of 2022 along with some banks adjusting their rates sooner. The thought of higher rates may create anxiety and stress; however, let’s stay calm and look at the scenarios. […]
The Bank of Canada announced today that there will be no rate change at this time. Our economy is making a recovery, slightly slower than anticipated. Is this good news? It is if you are seeking or renewing a mortgage. The rates are at an all-time low which can certainly […]
As we enter Autumn and the season of Thanksgiving, like many, I find it’s time to stop and feel thankful for all that I have. For those of you that cheer me on, those that support my business, those that put their trust in me, and those that just read […]
There are many answers to this question. Each individual case is different as is the type of insurance. Let’s look at 2 of the most common insurance plans. Mortgage Life Insurance – Mortgage life insurance covers the mortgage payments that are outstanding. This insurance will pay down or pay off […]
