FYI/Blog Archives - Page 17 of 205 - GIC Wealth Management

CALL US TODAY!

1-866-228-9442

Category: FYI/Blog

Economic upturn helps Poloz keep politics out of rate decision

“At this morning’s regularly scheduled interest-rate decision – the only one landing during the lengthy campaign – the Bank of Canada held its key interest rate steady at 0.50 per cent. That came on the heels of a quarter-percentage-point rate cut at the bank’s previous setting in mid-July – a cut that had prompted considerable speculation that another subsequent cut was in the cards.”

To read the full article, click below
Economic upturn helps Poloz keep politics out of rate decision

Loonie hits decade low as rate-cut speculation grows

‘The Canadian dollar plunged to a new decade low and the country’s bond yields dropped to their lowest ever as slowing global growth sparked a worldwide market rout and doubled odds the Bank of Canada would cut rates a third time this year.’

To read the full article click here.

Bank of Canada slashes key rate; cites weak economy, stalled exports

The Bank of Canada is cutting its key interest rate for the second time this year, citing a larger-than-expected first half contraction and a “puzzling” stall in non-energy exports. The central bank lowered its benchmark overnight rate by a quarter percentage-point Wednesday to 0.5 per cent, blaming faltering global growth, disinflation and low prices for oil and other commodities.

To read the full article click here

How do I make my retirement savings last?

Q: I have $700,000 in retirement savings and a small pension of $1,000 a month and CPP and OAS. How should I invest this to last 30 years?

To read the full article click here.

 

Two mortgage terms that present solid value (and two that don’t)

Mortgage rates have been all pleasure and no pain for an oddly long time.

Take five-year fixed rates. They’ve drifted lower for more than a year and a half with no significant upturns along the way.

Click to read the full article


Sidebars