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Canadian Debt Skyrockets – Are You Feeling the Pinch?

Canadian Debt Skyrockets – Are You Feeling the Pinch?

Recent news reports have indicated a troubling situation for Canadian consumer debt. For the first time ever, Canadians have more than $100 billion in credit card debt, according to TransUnion Canada. Forecasts also predict that the average Canadian’s non-mortgage...
Laid Off Or Out-Of-Work Due to COVID-19? Financial Options for Staying Afloat

Laid Off Or Out-Of-Work Due to COVID-19? Financial Options for Staying Afloat

These past couple weeks have been enormously difficult for many Canadians due to the outbreak of the novel coronavirus, COVID-19, and subsequent measures to “flatten the curve.” While these undertakings are aimed to keep the public safe and reduce infection risk,...
The Bank of Canada Interest Rate is Staying the Same for the Rest of 2019

The Bank of Canada Interest Rate is Staying the Same for the Rest of 2019

Start Your New Year’s Financial Planning Early! The Bank of Canada interest rate is officially staying at 1.75% for the rest of the year. On December 4, 2019, the Bank of Canada (BOC) announced the interest rate would remain the same for another month. This marks no...
One Year of No Change to Canadian Interest Rate: What It Means for Your Finances

One Year of No Change to Canadian Interest Rate: What It Means for Your Finances

The Canadian interest rate has officially gone one year without any change. On October 30, 2019, the Bank of Canada (BOC) announced the Canadian interest rate will stay at 1.75% for another month. This rate was set on October 24, 2018, marking one year of holds. While...