A few ‘rules of thumb’ to keep in mind when interpreting interest rate activity: 1. As the economy begins to improve, remember: interest rates will go up. Inflation encourages an increase on bond yields which, in turn, produces higher rates. 2. Don’t wait for the Bank of Canada announcement to secure an interest rate; fixed… read more
It seems that Canadians are beginning to retire earlier and live longer than they were not very long ago. As a result, Canadian seniors are spending more, saving less and receiving less income than they need to live comfortably through retirement. However, for Canadians who are 60 or better and own their own home, a… read more
Does this scenario sound familiar? It’s been a lovely morning and you’ve just finished a relaxing breakfast with your spouse. You remember thinking that the weather is too nice not to enjoy the sunshine, so you step outside to go for a walk. You’ve been walking for about 30 minutes and, feeling rejuvenated, you start… read more