Riding the Wild Wave of Interest Rates

On January 21, 2015 the Bank of Canada surprised markets by cutting the interest rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2...

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To Hide or Not to Hide the Debt Blues

We’ve all head of the Monday Blues, but the debt blues are felt by more and more Canadians, especially now in January. The post-holiday debt hangover is looming over many of us and the bills trickling in are compounding...

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A new Dawn of Mobile Payments is Here

One of the biggest trends expected in 2015 is mobile payments. More and more Canadians are using their cell phones instead of their wallets to purchase goods. The trend for quicker transactions has captivated consumers and retailers alike. 2015...

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Holiday Season Bills, Bah Humbug

According to Equifax, Canadians owe an average of $20,000 of non-mortgage debt. The average Canadian was expected to spend about $1,517 over this past Christmas, the lowest holiday spend in three years, according to a separate BMO study. Last...

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