Money
Save Big on Household Items This Black Friday
Explore a detailed guide to Black Friday and Cyber Monday 2024 household deals, from electronics to furniture, with pro tips on snagging the best bargains.
Money | 12 days ago
Bank of Canada Cuts Interest Rates Again as Inflation Slows
The Bank of Canada has cut its interest rate to 4.25%, marking its third cut in 2024 amid easing inflation. Governor Tiff Macklem signaled further cuts may come if the economy slows more, offering relief to households and businesses. With inflation now at 3.1%, these rate reductions aim to alleviate high costs of living and support economic growth in Canada.
Money | 1 month ago
Canadian Households Grapple with Rising Rent and Living Costs Amid Inflation Slowdown
An analysis of the impact of inflation on Canadian households, with a focus on rising rent costs and the overall cost of living in 2024.
Money | 1 month ago
Canada's Bold Mortgage Reforms to Unlock Homeownership
Facing rising costs in 2024, Canadians are using strategies like the 50/30/20 budgeting rule, debt reduction, and smart grocery shopping to stretch their dollars. Financial planners advise using government programs like tax credits and the Canada Child Benefit to help manage expenses. These steps provide stability and confidence amid economic challenges.
Money | 1 month ago
Canada's Housing Market: How New Mortgage Reforms Could Boost Homeownership
Canada's 2024 mortgage reforms increase insured mortgage caps to $1.5 million, allow 30-year amortizations for first-time buyers and new builds, and provide flexibility for smaller down payments. As rates stabilize and the government targets building 4 million new homes, these changes are set to make homeownership more accessible. While market conditions remain challenging, experts see a positive
Money | 1 month ago