4 Jun

Another Jumbo Rate Hike, Signalling More To Come

Latest News

Posted by: Gabriel Da Silva

The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points once again today, marking the third rate hike this year. The two back-to-back half-point increases are without precedent, but so were the dramatic pandemic rate cuts in the spring of 2020. Indeed, with the surge in […]

Read More
8 Apr

Labour Market Tightens Further

Latest News

Posted by: Gabriel Da Silva

Statistics Canada released the March Labour Force Survey this morning, reporting a 72,500 jobs gain from the whopping 337,000 surge in February. Employment increased in both the goods- and services-producing sectors. Gains were concentrated in Ontario and Quebec. The unemployment rate fell to 5.3%, its lowest monthly rate since the data series was released in […]

Read More
23 Mar

The Credit Challenge.

Mortgage Tips

Posted by: Gabriel Da Silva

For most people, credit score isn’t something you spend much time thinking about. Especially if you are someone who is making good money and paying all your bills on time. When you are in that boat, it feels pretty good! But, when you miss a payment or you struggle to pay all those credit cards, […]

Read More
21 Mar

Inflation Pressures Accelerating

Latest News

Posted by: Gabriel Da Silva

StatsCanada today reported that consumer prices rose 5.7% year-over-year in February, up again from the prior month’s 5.1% rise. This was the largest gain since August 1991 (+6.0%). This was no surprise, as the Ukraine War has stepped up inflation pressure worldwide. The US CPI rose a whopping 7.9% last month (see chart below). Price […]

Read More
4 Mar

When the Future Becomes the Present

Lifestyle

Posted by: Gabriel Da Silva

  Thinking about retirement before it happens is just common sense. But what questions should you be asking yourself? While seeking the advice of a professional like a retirement advisor can be helpful, there are a few questions to start thinking about as you begin to plan. Deciding early what your wants and priorities will […]

Read More
2 Mar

Bank of Canada Starts Hiking Rates

Latest News

Posted by: Gabriel Da Silva

    Bank of Canada Starts Hiking Rates, Signalling More To Come The Governing Council of the Bank of Canada raised the overnight policy rate target by a quarter percentage point in a widely expected move and signalled that more hikes would be coming. This is the first rate hike since 2018. In a cautious […]

Read More
5 Feb

No Wonder The Bank of Canada Didn’t Hike Interest Rates Last Month

Latest News

Posted by: Gabriel Da Silva

  Statistics Canada released the January Labour Force Survey this morning, reporting a much more extensive than expected decline in jobs last month. The Omicron shutdowns and restrictions took a much larger toll in Canada than expected, as employment fell 200,100 in January and the unemployment rate rose 0.5 percentage points to 6.5%. Ontario and […]

Read More
2 Feb

Understanding Insurance

General

Posted by: Gabriel Da Silva

Not all insurance products are created equal. One of the most common mistakes homeowners and potential homeowners make is that they hear the word “insurance” and just assume they have it! Well, you might have one kind of insurance, but you might be missing coverage elsewhere. It is important to understand all the different insurance […]

Read More
8 Dec

Bank of Canada Leaves Expectations For 2022 Rate Hikes Intact

Latest News

Posted by: Gabriel Da Silva

  The Bank of Canada decided to keep its target for the overnight rate at 0.25%, in line with forecasts and to maintain its forward guidance, which sees a rise in the overnight rate sometime in the middle quarters of 2022. Until then, policymakers vowed to provide an adequate degree of monetary stimulus to support […]

Read More