Intro Offers vs. Ongoing Value

Intro Offers vs. Ongoing Value touches everyday decisions Canadians make with their money. This guide explains the idea in plain language, highlights the trade‑offs, and gives you a simple path to action without jargon. The goal is to upgrade results without adding complexity. You’ll see when this matters, what to turn on or off at…

ByJohn WilsonAugust 13, 2025

Banking Saving

How Credit Card Grace Periods Actually Work in Canada

How Credit Card Grace Periods Actually Work in Canada touches everyday decisions Canadians make with their money. This guide explains the idea in plain language, highlights the trade‑offs, and gives you a simple path to action without jargon. The goal is to upgrade results without adding complexity. You’ll see when this matters, what to turn…

ByJohn WilsonAugust 13, 2025

Mortgage

Fixed‑Rate Mortgage Prepayment Penalties in Canada: 3‑Months’ Interest vs. IRD

This in-depth guide explains the topic in plain language for Canadians, with concrete steps, decisions, and examples you can apply today. It focuses on clarity, accuracy, and the smallest set of actions that produce the biggest impact. What it is We start with a concise definition and the context that matters, including how banks, credit…

ByJohn WilsonAugust 12, 2025

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

rising cost of interest rate mortgage canada

Mortgage Personal Finance

The Rising Cost Of Mortgage Debt After Canada’s Interest Rate Hikes

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…

ByJohn WilsonJune 13, 2023

Debt Personal Finance

Unveiling The Historical Norm: Preparing For A Return To Higher Interest Rates In Canada

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…

ByJohn WilsonJune 12, 2023

blue 20% on a black background, interest rates of certain credit cards in Canada

Credit Cards Personal Finance

Tackling Credit Card Debt In Canada’s High-Interest Rate Environment

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…

ByJohn WilsonJune 11, 2023

a coin being inserted in a piggybank, representing the rise of interest rates in Canada and its consequences on debt

Debt Personal Finance

Navigating Canada’s Rising Interest Rates: 9 Strategies to Eliminate Debt

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…

ByJohn WilsonJune 10, 2023

Mortgage Personal Finance

First National Mortgage Review

First National started offering services in Toronto, Canada in 1988. They offer a wide range of banking and financial services in Canada, including personal and commercial banking, wealth management, and investment banking. With more than 1600 employees and $129.3 billion in mortgages as of October 2022, the company is one of the…

ByJohn WilsonNovember 25, 2022