by Prudent Financial Services | Nov 23, 2020 | Covid-19, Financial Counselling, Financial Planning, Interest Rates, Money Saving Tips, Prudent Financial
Online banks in Canada. Which should you go with? If you’re older, you remember very well standing in long lines on a Friday afternoon to cash your paycheque or pay a bill. Those days are long behind us. Today we are all accustomed to the convenience of online...
by Prudent Financial Services | Nov 4, 2020 | Advantages of Bankruptcy, Bad Credit Borrowing, Bankruptcy in Canada, Bankruptcy Loans, Canadian Consumer Debt, Consolidating Debt, Consumer Proposal, consumer Proposal in Ontario, Covid-19, Credit After Bankruptcy, Equity Loans, Financial Counselling, Getting Out of Debt, Interest Rates, Proposal Loans
Covid-19 and your Finances Two types of emergencies exist that can impact your financial situation. The first type of emergency is when you suddenly have to pay a large unexpected expense (i.e. car repair). The second type of crisis is when your income is unexpectedly...
by Prudent Financial Services | Apr 15, 2020 | Bank of Canada Interest Rate, Canadian Interest Rate, Interest Rates
The Bank of Canada interest rate is back down to 0.25% — the same rate it was in July of 2017 before it began increasing. Read on for what this means for you… From March 4 to April 15, 2020, the Bank of Canada (BOC) interest rate has undergone significant changes. On...
by Prudent Financial Services | Mar 20, 2020 | Bank of Canada Interest Rate, Canadian Consumer Debt, Canadian Interest Rate, Consumer Debt, Financial Problems, Interest Rates, Prudent Financial
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,...
by Prudent Financial Services | Mar 4, 2020 | Bank of Canada Interest Rate, Canadian Consumer Debt, Canadian Interest Rate, Interest Rates
The Bank of Canada interest rate is now at 1.25% – a decrease of 0.5% from 1.75%. What does the interest rate cut mean for Canadian consumers? That’s what we’re here to discuss. Why Did the Bank of Canada Cut Interest Rates? On March 4, 2020, the Bank of Canada...
by Prudent Financial Services | Jan 22, 2020 | Bank of Canada Interest Rate, Canadian Interest Rate, Interest Rates, Mortgage Interest Rate
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...
