H&M Financial Blog

No change: Bank of Canada Keeps benchmark interest rate at 1.75%

The Bank of Canada kept its benchmark interest rate unchanged at 1.75% Wednesday, despite a few dark clouds appearing on Canada’s economic horizon. To read entire article¬†click here. Click here for another article in regards to the interest rate decision.  

U.S. Congressman introduces residency-based tax bill

A Republican congressman has introduced a bill to move the U.S. from a citizenship-based taxation system to a residency based one – and it’s receiving support from both Democrats and Republicans. To read the complete article¬†click here

Update on Recent Market Volatility

Please click below for a message from Robin Muir, Managing Partner, in regards to the market volatility. Market Volatility

Bank of Canada reveals latest interest rate decision

The Bank of Canada walked back some of its enthusiasm about the nation’s outlook in a decision that kept interest rates unchanged, saying the economy may have more capacity than previously thought to grow without fueling inflation. The Ottawa-based central bank kept its overnight benchmark rate at 1.75 percent, reiterating it expects to eventually remove… Read more »

Questrade Wealth Management to pay $2.9 million to OSC

Questrade Wealth Management Inc. of Toronto has agreed to make a voluntary payment of $2.9 million to settle allegations that it failed to identify and respond to conflict of interest when it sold eight of it’s ETFs to Toronto-based Wisdom Tree Asset Management Inc. in July 2017, the Ontario Securities Commission (OSC) announced Tuesday. To… Read more »