Personal Finance in the News – November 2021: Welcome to Money News – November 2021! This month we look at rising inflation, its impact on taxes, and further extensions to Canada’s Covid benefits. Read and Watch: Inflation continues to run hot in the US and Canada, where the rates of inflation have hit 6.2% and 4.7% respectively. This is the…
Tag: CERB
Welcome to tags! Here you will find all the relevant blog posts and content tagged with or discussing the term “CERB”.
Money News – January 2021
Personal Finance in the News – January 2021: Welcome to Money News – January 2021! I have four noteworthy news topics for you this month. Read: For those of you interested in stocks, this month has been bonkers, with the market ripping higher. Most noteworthily, an online community of individual investors (often called retail investors) has taken aim at institutional…
Money News – December 2020
Personal Finance in the News – December 2020: Welcome to Money News – December 2020! I have four noteworthy topics for you this month. Read: The era of low interest rates and high real estate prices continues. This month, HSBC offered a mortgage rate below 1%. This is a first in Canada, and a record low. Though rates could still…
Money News – November 2020
Personal Finance in the News – November 2020: Welcome to Money News – November 2020! I have five noteworthy topics for you this month. Read & Watch: Not all is doom and gloom out there in this Coronavirus pandemic. Canadians are sitting on a record $90 billion in cash according to this BNN-Bloomberg article. The Household Savings Rate has also…
Money News – October 2020
Personal Finance in the News – October 2020: Read: The Bank of Canada has ended a pandemic program that helped real estate prices surge. This largely unknown but wide-reaching policy saw the Bank of Canada buy nearly $10 billions in mortgage bonds. This artificially lowered borrowing costs and helped send home prices through the roof. What happens now is anyone’s…
Money News – June 2020
Personal Finance in the News – June 2020: Here’s a summary of June 2020’s Money News: Read & Watch: CMCH is tightening mortgage rules for homebuyers. Credit scores are becoming more important and debt service ratios are becoming more conservative – therefore more mortgage conservatism may be a good idea given the debt loads out there. For more on that…