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Interest Rates

Specialist James Denaro, right, works at his post on the floor of the New York Stock Exchange, Monday, Aug. 5, 2024. Nearly everything on Wall Street is tumbling as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.

Stocks

Why did the stock markets fall?

Financial markets around the world stabilize after Monday’s fall. Here’s what to know about how we got here.

Why did the stock markets fall?
Two men push a shopping cart across a parking lot

News

Canada’s economy grew 0.2% in May, stronger than expected

Canada’s gross domestic product (GDP) grew slightly, but likely not enough to deter a rate cut in September, experts...

Canada’s economy grew 0.2% in May, stronger than expected
A woman uses her laptop while sitting at a desk

Mortgages

Mortgage renewal calculator

Is your mortgage coming up for renewal soon? Use this tool to figure out if switching lenders could save...

Mortgage renewal calculator
Canadian holding keys to a new home, in hopes that the Bank of Canada rate announcement will have an impact on mortgage rates.

Columns

Making sense of the Bank of Canada interest rate decision on July 24, 2024

Making sense of the Bank of Canada interest rate decision on July 24, 2024

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A man of retirement age

Life Insurance

Using whole life insurance for tax-free income in retirement

Borrowing against a policy’s cash value can provide tax-free income. But there are still costs involved and other factors...

Using whole life insurance for tax-free income in retirement

News

Markets bet on second Bank of Canada interest rate cut

Economists and market analysts expect the central bank to cut its benchmark rate this week following a drop in...

Markets bet on second Bank of Canada interest rate cut

Auto

Is it a good time to buy a new car?

Vehicle supply is building, and prices are going down. Here’s why the stars may be aligning for new car...

Is it a good time to buy a new car?

News

BoC considered waiting until July to cut interest rates, summary says

The central bank remains cautious in its approach, noting that it plans to take future interest rate decisions one...

BoC considered waiting until July to cut interest rates, summary says

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Calculating cost savings on a 3- vs. 5-year mortgage

Mortgages

3-year versus 5-year mortgage: How to choose your term

Interest rates are still high but set to come down, which is a key factor in picking a mortgage...

3-year versus 5-year mortgage: How to choose your term

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