Oaken Update

News, investment tips, events and promotions – you’ll find it all in the Oaken Update!

Canada’s economy, and how it may affect you

August, 2017

The news about Canada’s economy has been all good lately. Encouraging employment figures, low inflation, and then the GDP numbers for May—growth of 0.6%, which is triple the 0.2% that most economists had expected. With headlines calling this “blow-out” growth, there’s no question that our economy has turned the corner from the slowdown of two … read more

Two big moves to usher in a new dawn

July, 2017

If you’ve been following the financial news lately, you’ll know that our parent company Home Capital Group has been busy making a number of important changes. This includes the emergence of two key individuals in particular, who will play a pivotal role in ensuring a successful future for the company. World-renowned backing The first of … read more

Happy 150th, Canada!

June, 2017

July 1 is just around the corner, and we’d like to wish everyone (and our country!) a very Happy Canada Day, on this our 150th birthday. Oaken, of course, is still a bit of a sapling—we’ll only be turning 4 years old in November. But our parent company, Home Trust, has been around for quite … read more

High rates plus CDIC coverage: the Oaken advantage

May, 2017

As you’ve probably seen, we have increased our interest rates across all GIC terms over the past few weeks. Current rates can always be found on the rates page of our website, but at the time of this publication, they presently range between 2.60% for a 1 Year GIC and 3.10% for a 5 Year GIC. … read more

Zoning in on the budget

March, 2017

The latest federal budget was unveiled on March 22, and as many commentators remarked, it was mainly notable for not being particularly notable. No big changes to spending or taxes, and no major policy announcements. In particular, there was no increase in the capital gains tax, which some people had speculated might happen. So all … read more

It’s still not too late for RSPs!

February, 2017

If you haven’t yet invested in your RSP this year, the window is still open. The deadline for contributions for the 2016 tax year is Wednesday, March 1. The annual contribution limit allowed by the Canada Revenue Agency is 18% of your earned income for the previous year, up to a defined maximum. And for … read more

Another year, another tax return

January, 2017

As we all know, taxes just never go away (sigh!). And at Oaken, every time we ring in the New Year, we also start getting ready for the new tax season. This means we’ve been extra busy lately, doing our part to make sure you can complete your tax return as easily as possible. New … read more

Best of the season, from us to you

December, 2016

As another year comes to a close, it’s time for one of our favourite messages of all: Happy holidays to all our Oaken friends, and here’s to a wonderful 2017! We’ve enjoyed serving you throughout the year, and we hope that 2017 will bring you peace and prosperity. We’re proud to help you plant for … read more

Financial Literacy Month is here

November, 2016

Planning a budget, saving for retirement, paying down a mortgage—no matter what our stage of life, we all have to manage our money. Unfortunately, far too many Canadians are not well equipped to do so. That’s where Financial Literacy Month comes in each November. Dedicated to advancing financial awareness and education in Canada, it’s a … read more

Giving back to our communities

October, 2016

As a socially responsible business, we’re always ready to lend a helping hand to our communities. One of the ways in which we do this is by offering the free use of our stores as a meeting or event space to any not-for-profit organizations. Our stores in both Toronto and Calgary are adaptable, dual-purpose spaces, … read more

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