Fixed rates are falling — but variable rates won’t budge. Don’t let confusion cost you thousands. Here’s what you need to know before locking in your next mortgage
In an unusual twist in Canada’s mortgage market, fixed mortgage rates are on a downward trajectory while variable-rate pricing is tightening. This divergence presents both opportunities and challenges for homeowners approaching mortgage renewal. If you’re shopping for a mortgage renewal, there’s some good news: Fixed rates are on the way down. Over the past few […]
‘Is that a threat? Sure it is’: China could make a ‘retaliatory’ move that experts say would ‘hit us hard’ — especially US homeowners. Here’s what’s happening and how to protect your wealth
Mortgage rates are climbing in response to a sell-off off in U.S. Treasury bonds, according to CNBC. Throw in an accelerated mortgage sell-off in China and things could get much worse. Mortgage rates tend to track the 10-year Treasury yield, so it doesn’t bode well for mortgages if investors decide to sell U.S. Treasury bonds. […]
Carney? Poilievre? Singh? In advance of the 2025 election, here’s how to invest in Canada based on party leader
This year’s election cycle is anything but boring, and that’s putting it lightly. Between rising global tensions, and the return of Trump-era tariffs, it’s easy to feel uneasy about investing your money. More investors are looking local for opportunity. There’s a growing “Buy Canada” push from policy-makers, retailers and investors alike. But where does that […]
How to invest in sustainable mining
With the advent of United Nations-driven global net-zero mandates, demand for rare earth minerals is on the rise, and so are investment opportunities in sustainable mining for Canadian investors. Renewable energy is an essential component of phasing out the global reliance on fossil fuels in order to reduce emissions for everyday power consumption needs. However, […]
Yoo Financial and Episode Six partner for new Canadian credit cards
Yoo Financial is partnering with Episode Six (E6) to introduce a new suite of personalized credit card solutions for the Canadian market. This strategic collaboration leverages Yoo Financial’s Mastercard issuing and acquiring license alongside Episode Six’s TRITIUM® digital ledger platform. Together, they’re developing new credit card products that can be customized to meet individual customer […]
I just doubled my salary. How can I adjust my budget responsibly and still have fun?
Early in your career, big pay increases can happen quickly — you get a new job in a much larger company, you advance through the ranks at your current company or you move to a new industry where salaries are typically higher than you could command previously. After the excitement of signing a big contract […]
I’m 63 and retirement is around the corner — but I’m reading lots of articles about ‘why you should never retire.’ Is there any truth to that?
Many people look forward to retirement and can’t wait to kick off that chapter in life. But for some people, that part of the story isn’t appealing. If you’re 63, you’re at a time when it is reasonable to consider your financial stability during retirement. Even though you haven’t hit 65, you’re still old enough […]
With rates on pause and 1.2 million mortgages up for renewal, now’s the time to act — here are 10 critical moves to protect your home and your financial future in 2025
As Canada enters a critical period of mortgage renewals in 2025 and 2026, homeowners and financial experts are closely monitoring interest rate movements for signs of relief — and it appears the Bank of Canada (BoC) offered a glimmer of hope for variable-rate mortgage holders and first-time buyers with a rate drop of 0.25%. The […]
How to make money while you sleep
Huge advances are being made in technology every year, and I can’t get enough. For example, I love when I’m having a conversation and can say that, at that very moment, my Roomba is vacuuming for me. It just sounds so — futuristic. Financial technology can be just as exciting and futuristic — and might […]
Is $750 to $1,000 per month enough to invest as a Canadian? How to start investing with a monthly budget
How much is enough when it comes to investing on a monthly basis? It’s a question many people often ask themselves, perhaps moreso during economically turbulent times. With an escalating trade war with the U.S. on Canadian’s minds, according to the Bank of Canada’s latest Canadian Survey of Consumer Expectations, many Canadians are financially preparing […]