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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,...
Bank of Canada Interest Rate Staying the Same for January 2020: Here’s How to Save Money From It

Bank of Canada Interest Rate Staying the Same for January 2020: Here’s How to Save Money From It

The Bank of Canada (BOC) interest rate is staying the same for January 2020. It’s the 10th time in a row this has happened — the interest rate has stayed at 1.75% since October of 2018. But the January 2020 BOC announcement pointed to an interesting trend – Canadians...
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...