FP Answers: Is whole life insurance a good investment? If so, in what circumstances?

If you have a large or complicated estate, it pays to take a look at insurance, experts say Whole life insurance can be a controversial product. Photo by Getty Images/iStockphoto By Julie Cazzin and Allan Norman Advertisement 2 This advertisement has not loaded yet, but your article continues below. Q: “My wife and I are… Continue reading FP Answers: Is whole life insurance a good investment? If so, in what circumstances?

Elon Musk completes his US$44B takeover of Twitter, CEO among top executives departing

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What is the Bank of Canada interest rate?

What is the Bank of Canada? The Bank of Canada is responsible for promoting “the economic and financial welfare of Canada.” As Canada’s national bank, it accomplishes this through a variety of ways. Monetary policy: The policies set out by the bank help circulate money and stabilize inflation. Much of this is accomplished by setting… Continue reading What is the Bank of Canada interest rate?

‘We’re not there yet’: Macklem signals more rate hikes as economists make bets on how high they’ll go

Most economists predict the end point of interest rate increases at a range of 4 to 4.25% Bank of Canada governor Tiff Macklem at a news conference in Ottawa, on Oct. 26. Photo by Patrick Doyle/Reuters The head of the Bank of Canada made it clear that the mission to bring soaring inflation to heel… Continue reading ‘We’re not there yet’: Macklem signals more rate hikes as economists make bets on how high they’ll go

Getting a head start on tax-loss selling? Keep these five things in mind

Jamie Golombek: Beware the ‘superficial loss’ rule, currency implications and more The U.S. dollar is up nearly nine per cent against the Canadian dollar in 2022, so if you purchased securities in U.S. dollars, the gain (or loss) may be larger (or smaller) than you anticipated. Photo by Paul Chiasson/The Canadian Press Equity markets are… Continue reading Getting a head start on tax-loss selling? Keep these five things in mind

Retail investors take shelter in cash after stock market rout

Almost US$140 billion has poured into money market funds as traders sit on the sidelines Author of the article: Financial Times Eric Platt, Madison Darbyshire and Kate Duguid in New York The U.S. Federal Reserve building in Washington, DC. Photo by Chris Wattie/Reuters files Retail investors are piling into cash after a brutal selloff in… Continue reading Retail investors take shelter in cash after stock market rout

Bank of Canada interest rate hike adds pressure to tight rental market

Sale prices down, rent going up Even with inflation decreasing from seven per cent in August and 7.6 per cent in July, rent is still increasing. Vancouver’s one-bedroom apartments averaged the highest in the nation at $2,590, representing a 0.6 per cent monthly increase in September and 20.2 per cent year-over-year. Toronto ranked second with… Continue reading Bank of Canada interest rate hike adds pressure to tight rental market

Bank of Canada swerves in ‘game of chicken’ with inflation

The half-point hike surprised markets Bank of Canada governor Tiff Macklem raised interest rates by 50 basis points to 3.75 per cent Wednesday. Photo by Justin Tang/Bloomberg Advertisement 2 This advertisement has not loaded yet, but your article continues below. We apologize, but this video has failed to load. The Bank of Canada surprised markets… Continue reading Bank of Canada swerves in ‘game of chicken’ with inflation