As interest rates in Canada have recently surged to 4.75%, homeowners and potential buyers are faced with the implications of a higher cost of servicing mortgage debt. This will be amplified by the fact that rates are still below historical norms and may very well head much higher. This article explores the impact of rising…
Canada experienced an unprecedented period of historically low interest rates from 2009 to 2020. However, as we move into an era of rate hikes after rate hikes, it is important to recognize that this low interest rate environment was actually an outlier and to prepare for the future. This analysis aims to shed light on…
With credit card interest rates soaring above 20% in Canada's current interest rate environment that has seen even the Bank of Canada’s rate jump at 4.75%, credit card debt has become a pressing concern for consumers. This post explores the implications of rising interest rates on credit card debt and provides actionable strategies to effectively…
In the wake of the Bank of Canada's recent decision to raise interest rates to 4.75%, Canadians find themselves facing a new, harsher financial reality. With higher costs associated with borrowing money, it becomes very important for individuals to prioritize debt reduction strategies. The following article will provide you with actionable tips and insights on…
As a homeowner, one of the biggest financial decisions you will make is how much mortgage you can afford. With rising interest rates and a still-mostly-growing real estate market, many Canadians seem to still want to jump into the housing market. However, it is essential to have a realistic understanding of what you can afford…
TLDR: There are 10 nationally, with many provinces having 11 or 12.
Canada is known for its many statutory holidays, which offer employees the chance to take a break from work and spend time with loved ones. But just how many statutory holidays are there in Canada? The answer may surprise you.
In Canada, there…
When it comes to financial planning, one of the most significant expenses you will face is housing. Rent is a crucial aspect of your budget that you need to get right. However, determining the right amount to spend on rent can be a challenging task. In this blog, we will explore the various factors that…
We will update this Best Stocks In Canada list as earnings release and as prices fluctuate. They may not reflect the latest price by the day, but we update it frequently.
(Updated Jan 31, 2023) Given the inflationary and rising interest rates environment we’re in, we think the best stocks in Canada right now are…
In this series, we reviewed all of the TSX and TSX Venture’s stock and came up with what we think the best candidates are. Here are the Best Telecom Sector Stocks In Canada, as well as the methodology that got us there.
(Updated Jan 31, 2023) A telecom stock is a company that provides telecommunications…
In this series, we reviewed all of the TSX and TSX Venture’s stock and came up with what we think the best candidates are. Here are the Best Consumer Sector Stocks In Canada, as well as the methodology that got us there.
(Updated Jan 31, 2023) A consumer sector stock is a company that produces…