Oaken Update

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

Here’s to 2018!

January, 2018

From everyone here at Oaken—even though we’re already at the end of the first month—we’d like to wish you and yours a very happy new year. Unfortunately, that means we also have to take this opportunity to remind you that tax season is just around the corner (sorry!). To help ease the pain, we’ve been … read more

Happy holidays to one and all

December, 2017

With the year winding down, we wanted to take time out from our regular business to convey a special message for the holidays: Season’s greetings and a very happy new year, from all of us at Oaken! As always, it has been a great pleasure to serve you throughout the year. We sincerely appreciate your … read more

When it makes sense to sell low

November, 2017

We all know the saying, “Buy low, sell high”. It’s the most basic rule of all investing, and of course it’s the main road to riches. Unfortunately, however, it’s easier said than done. There are very few people who have never seen an investment take a turn for the worse and put a dent in … read more

Interest rates are staying put

October, 2017

On October 25, the Bank of Canada made its much-anticipated announcement on interest rates—no move for now. This was widely anticipated, in part because the Bank had already raised its key rate (the overnight lending rate) twice in recent months. The first time was in July, and the second in September. That means the rate … read more

The big picture on retirement in Canada

September, 2017

A recent feature in the Toronto Star provided a wealth of information about retirement that paints an interesting picture. Based on a survey of working Canadians and retirees, the article revealed some encouraging insights: An overwhelming majority of retirees (88%) feel positive about retired life. Nearly one third said their biggest surprise in retirement was … read more

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