Category: Interest rates

Is early retirement just a dream?

Is early retirement just a dream in today’s economy?

Back in the 1980s, one of Canada’s biggest insurance companies launched an advertising campaign to promote the idea of retiring at the age of 55. It was a very clever marketing strategy, and became hugely popular. As Canadians of a certain generation will readily attest, the magic number of 55 soon lodged in people’s minds … read more

Travel destinations where your loonie goes farther

There are still many places you can visit where your Canadian dollar can buy you more.

For those planning to travel outside Canada in the next little while, your vacation might now cost you a little more than you’d originally planned. That’s because the “loonie” continues to struggle against most of the major currencies. This includes the US dollar, the British pound and the Euro. What’s even more distressing for travellers … read more

Bank of Canada to announce interest rate decision April 24

The next Bank of Canada Policy Interest Rate decision is April 24, 2019.

Recent employment and economic progress reports suggest that the strong growth recorded by the Canadian economy during much of 2018 could be slowing. With the Bank of Canada poised to release its next interest rate decision later in the week, these details will likely enter into the Bank’s thinking when it announces its interest update … read more