Interest Rates and the Economy

The External Sector And Financial Crises

If we look at the full history of financial crises around the world, one could argue that crises related to external debt and/or fixed exchange rates are dominant. Such crises could represent an entire chapter of this book. However, I will only offer a brief overview of the subject. From the perspe ...

Canada’s best Mastercard credit cards 2019

As one of the top credit card processors in the world, Mastercard is both extremely popular and also nearly universally accepted. For those already banking at BMO Bank of Montreal, a major Canadian bank that associates with Mastercard, these cards may offer all the perks you’re after along with o ...

Mortgage Growth Slows, Alt-Lender Share Grows: CMHC

Canada’s mortgage market grew by its slowest pace in more than 25 years in 2018, according to new data released by the Canada Mortgage and Housing Corporation. At the same time, the share of the market controlled by alternative lenders—which typically lend to riskier clients and charge higher in ...

Waiting for a rate cut: How much is too much?

As any parent of toddlers or teenagers knows, there’s often a big difference between what kids want (candy and a later bedtime) and what they need (vegetables and plenty of rest). I’m reminded of this as I anticipate this month’s Federal Reserve (Fed) meeting. A cut is widely expected — but ...

HOOPP's Smartest Guy in the Room?

Barbara Shecter of the National Post reports on the smartest guy in the room: How a pension guru worked his magic, beat the market and saved Home Capital:There are seminal moments in any career and Jim Keohane’s is a doozy. He knew something was wrong when his lowball offer for Canadian Pacific R ...

How safe is it to keep more than $100,000 in one savings account?

Q. My wife, Rina, and I are in our late 20s and are saving up for a downpayment for a home. We have $120,000 in our account and are trying to reach $200,000 so we can make at minimum a 20% downpayment on a $1 million detached home in Toronto. My question is, how safe is our money in one account? Ar ...

Should you use your RRSP to fund a later-in-life university degree?

Q. I’m 58 years old and I retired earlier this year. I’m considering withdrawing money from my RRSP under the Lifelong Learning Plan (LLP) next year so I can fulfill a dream of mine, which is to complete a Master of Science degree in biology. How much can I withdraw, and what are the pros and c ...

Best high-interest savings accounts in Canada

How to use this tool: You can simply scan the table below to view interest rates offered by financial institutions across Canada. Or, input your estimated account balance and compare between high-interest savings accounts (HISA), tax-free savings accounts (TFSA*), registered retirement savings plan ...

Will Leverage Save the Canada Model?

Gareth Gore of Thompson Reuter's International Financial Review reports that pension giants are adding leverage as 30-year-old Canadian model flounders:In the late 1980s, the Ontario government set up a task force to tackle what it saw as a ticking financial time bomb. After decades of under-fundi ...

Should you break your mortgage?

Joakim Tjernell was pretty proud of himself—he’d done a damn good job of shopping for a mortgage. It was back in June of 2009 and Tjernell, a 32-year old translator, had been eyeing units in a slick modern condo building on Toronto’s Bathurst Street for a while. There was a lot of paperwork ...