Tag: canada
Four Year Fixed Rates Down 40 Basis Points
By: Elias KellendonkAs of Monday the best mortgage rate available on a four-year term came down 0.40% to dip under prime rate and station at 2.99%. This was the first mortgage rate change to be seen at CanEquity since the second week of September, wherein the best variable rate available rose 0.20%, while the two-year fixed rate, …
Investment Strategies for Young People
By: Elias KellendonkHelping Your Kids Get into Investing Early In this Internet-dominated, economy-fearing age it may be possible that your kids will out-know you in terms of stocks and trading before they finish grade school. American author Katherine R. Bateman suggests in her book, The Young Investor: Projects and Activities for Making Your Money Grow that no …
Montreal, Toronto, Vancouver Top Out National Poverty Rates: Statscan
By: Elias KellendonkNew national data garnered by Statistics Canada has revealed that poverty rates in the major urban areas of Toronto, Vancouver and Montreal are well above national averages. The agency used income reports taken from 2009 to acquire its prospective. More positively, data also seems to indicate that mid-sized cities are improving their poverty statistics despite …
Loonie Takes a Slide
By: Elias KellendonkThe Canadian Dollar Sees Biggest Daily Drop in Eight Months Side by side with a 7 per cent fall in the S&P/TSX index and a roughly 3.7 per cent decrease in oil prices, the Loonie has slid a full 1.5 cents to the U.S. dollar – the largest slump it’s seen in more than half …
How does Canada’s Prime Rate Compare Globally?
By: Elias KellendonkThis recession affected countries worldwide; how did their economies adjust prime rate to compensate?
