Ipsos Poll: Canadians Are Less Than $200 From Hardship, Implications For The Economy And Strategies To Tackle Debt, Explained

The recent Ipsos poll conducted on behalf of MNP Ltd. paints a worrisome picture of the financial health of Canadian households. With more than half of Canadians indicating that they are only $200 or less away from not being able to make ends meet, the implications for the economy are far-reaching. This article delves into…

ByJohn WilsonJuly 11, 2023

Economy Financial News

Burning Profits: Analyzing The Economic Impact Of Forest Fires In Canada

Forest fires are not only devastating natural disasters but also have far-reaching economic consequences. Canada, known for its vast forests, has been grappling with an increase in forest fires, particularly in BC and Quebec. This surge in forest fires has had a significant impact on lumber prices, creating a complex web of economic dynamics. In…

ByJohn WilsonJune 27, 2023

Economy Financial News

Unraveling The June 7th Rate Hike: Understanding The Rationale Behind Bank Of Canada’s Decision

The recent decision by the Bank of Canada to raise interest rates to 4.75% has left many Canadians perplexed, especially considering the challenges individuals face in making ends meet and the burden it imposes on mortgage holders nationwide. Here, we will provide insights into the factors that influenced the Bank of Canada's decision and we'll…

ByJohn WilsonJune 14, 2023

Economy Financial News Mortgage Personal Finance

This 40 Year Mortgage Extension Can Avoid You Losing Your Home

When you experience significant financial hardship, it can feel like your world is crashing down around you. You may be struggling to pay your bills, keep a roof over your head, or put food on the table. It can be a very stressful and overwhelming time. There are some things that you can do to…

ByJohn WilsonDecember 6, 2022