Oaken Blog

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Downsizing for retirees

Here’s what you need to consider if you’re thinking of downsizing your home as part of your retirement planning.
June 13, 2019
By Scott Boyd

There are many key milestones in life: that first job, marriage, the birth of a child – even retirement. These events all bring about changes, and can lead to lots of questions. For those actively saving and planning for retirement, these questions are typically along the lines of “how much money do I need to … read more

Simple driving tips to save fuel (and money)!

Help improve your vehicle’s fuel efficiency and save money with these small changes to your driving habits.
June 5, 2019
By Scott Boyd

The price of gasoline has been on an upward trajectory for the past few months, and with the prospects of increasing carbon taxes likely resulting in future price increases, motorists are looking for ways to reduce their driving costs. Obviously, buying a more fuel efficient vehicle or even switching to an electric vehicle is one … read more

Is early retirement just a dream?

Is early retirement just a dream in today’s economy?
May 30, 2019
By Peter Aterman

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

5 reasons why it’s never too late to start saving

Read these five reasons explaining why it’s never too late to start saving.
May 22, 2019
By Peter Aterman

One question that every young person should ask themselves is “How do I start saving for retirement?”. And another question that many older people may ask is “Is it too late to start saving for retirement?”. Of course, if more people asked themselves the first one, far fewer would end up asking the second. Many … 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.
May 15, 2019
By Scott Boyd

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

What’s a robo-advisor, and should I have one?

Robo-advisors are growing in use – learn more about the history and how robo-advisors function in this Oaken Blog post.
May 13, 2019
By Peter Aterman

If you’ve been hearing more and more about robo-advisors lately, that’s no surprise. First offered in the United States, robo-advisors have spread to the rest of the world, and are now one of the hottest ways of managing money for the average investor. In 2018, over $225 billion in assets were managed by robo-advisors worldwide. … read more

Financial tips for new Canadians

Financial tips for those who have recently moved to Canada.
May 1, 2019
By Scott Boyd

Immigrating to a new country is always a tremendous adventure. Putting down roots in a new place requires determination and sacrifice, and it’s a process that can be exciting, scary, confusing and exhilarating. Often, all at the same time. If you’re a new immigrant to Canada, it’s important to remember that you’re not alone in … 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.
April 22, 2019
By Oaken Financial

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

How the Bank of Canada manages interest rates

April 4, 2019
By Oaken Financial

Bank of Canada interest rate announcements always attract significant media and public attention. That’s because interest rates have an impact on all Canadians. If you’re a saver, the prevailing interest rate affects how much your savings earn. If you’re planning to borrow to finance a large purchase, such as a new home or vehicle, the … read more

Incentives for first-time home buyers in the 2019 federal budget

March 28, 2019
By Oaken Financial

With just a few months to go before the next federal election, the 2019 budget is the government’s last opportunity to table new programs and incentives before Canadians go to the polls. Finance Minister Bill Morneau used the budget to announce a host of updates the government hopes will be popular with voters. These include … read more