The Bank of Canada leaves benchmark rate at 5.00% As was widely expected, the Bank of Canada has left its key lending rate unchanged at 5.00%.This marks the Bank’s fifth straight rate hold since it last raised rates back in July.In its statement, the Bank said it is...
The Bank of Canada delivered a rate pause this morning, leaving its key lending rate unchanged at 4.50%.This is the Bank’s second pause following eight consecutive rate increases, which raised the overnight target rate by 425 bps since March 2022. In its...
The Bank of Canada may not have raised rates at its recent January meeting, but it’s clear that interest rates are headed higher tout suite. Those with a variable-rate mortgage may be understandably on edge these days, despite the fact many will still come out...
What does financial freedom mean to you? Achieving financial freedom is a goal for many people. It generally means having enough savings, investments, and cash on hand to afford the lifestyle we want for ourselves and our families—and a growing nest egg that will...
Why is your credit score so important? Your credit score is sometimes referred to as your passport to buying a home. The majority of adults have a credit score, and should know how to maintain a high score. However, not everyone knows how a credit score can affect a...
