Canadian Inflation is at 6.7% StatsCanada just announced that consumer prices rose by 6.7% year-over-year in March which represents a full percentage point increase from their previous reading of 5.7% in February. Consistent with this, markets are pricing in a 50/50 chance another 25 basis points will be added to the overnight rate at the Bank […]
Bank of Canada Starts Hiking Rates, Signalling More To Come The Bank of Canada is going to keep raising their overnight interest rate levels as they become more confident in the Canadian economy. Hikes are expected from time to time, but not this soon after the last one! This is the first increase in 2019. […]
Each month, Concept One Financial brings articles about personal finance from Domion Lending mortgage centers. This month’s topic is about budgeting for the holidays. At this time of year, we’re reminded that earning extra money can be a challenge. Unfortunately, our biggest expenses also tend to peak during this season too. Let’s ensure we curtail our holiday spending by setting ourselves realistic limits based on what kind of saving goals we have in mind.
ed for more cash flow in the working capital of your business. On the other hand, there are situations where taking out a short-term loan or credit is not a very good idea. This month’s Concept One Financial blog shows some options for Canadians to obtain short-term financing when buying a property.
Each month Concept One Financial Mortgages share news about Canadian economy, to help home buyers make the best decisions about their residential mortgages.
October 22’s release of the September Consumer Price Index (CPI) for Canada showed year-over-year (y/y) inflation rising from 4.1% in August to 4.4%, its highest level since February 2003. Excluding gasoline, the CPI rose 3.5% y/y last month.
Many Canadians will spend their entire lives without proper financial education. Dominion Lending Centres’ Our House Magazine has collected some insight and tips from experts on financial literacy to help Canadians achieve their dreams, from homeownership to a comfy retirement. Money. It’s virtually impossible to get by in life without it, and everyone wants more […]
Statistics Canada released the September Labour Force Survey this morning, providing some unmitigated good news on the jobs front. Employment rose by 157,000 (+0.8%) in September, the fourth consecutive monthly increase. The unemployment rate fell by 0.2 percentage points to 6.9%. Employment gains in September were concentrated in full-time work and among people in the core working-age group of 25 to 54. Increases were spread across multiple […]