Credit cards are convenient when you don’t have cash and if you plan on paying off the balance at the end of the month. They’re also great in emergencies. But if you’re not careful, it’s easy to accumulate debt. There are also certain expenses you should avoid paying off with … Read More
The Bank of Canada’s interest rate is staying at 1.25 percent. Stringent mortgage rules and fewer exports resulted in slower first-quarter growth of about 1.3 percent. The bank had foreseen economic growth of 2.5 per cent during that period, reported The Star. “The economy is in a good place,” Bank of … Read More
This week the Bank of Canada raised its interest rates from 0.50% to 0.75%. The decision explained in full in the Bank Of Canada Official Statement was not entirely unexpected and is a good sign for the economy of Canada as a whole. Although it may cause an uncomfortable pinch … Read More
The Organization for Economic Cooperation and Development (OECD) has determined that Canadian household debt levels are greater than any other country. Researchers examined 35 developed and developing countries to make its assessment. Canadians’ large build-up of household debt may cause problems for the economy, according to OECD: “Although in part … Read More
