The B.C. NDP has added significant new spending in its 2017 Budget update, which is its first financial plan since it took office. For the 2017/2018 fiscal year, the government will spend $51.9 billion, nearly $2 billion more than the B.C. Liberals planned to spend in their February budget, which was never passed. To read… Read more »
General News
The Bank of Canada raises benchmark interest rate to 1% as the Canadian dollar rises!
The Bank of Canada raised its benchmark interest rate by a quarter of a point to one percent on Wednesday. It’s the second time this year that the central bank has upped the rate, after hiking it for the first time in seven years in July. The central bank’s rate has an impact on lending… Read more »
Interest rates have finally increased: How that could affect your loans
From mortgages to lines of credit, the rise in the ‘overnight rate’ will hit Canadian consumers. After seven years of leaving its key interest steady or cutting it to near-historic lows, the Bank of Canada has finally increased its overnight rate by 0.25 percentage points to 0.75 per cent. The overnight rate determines the rate at… Read more »
Bank of Canada Raises Interest Rates for the first time in seven years
The Bank of Canada’s first interest-rate hike in seven years has set in motion a complex unwinding of a near-decade-long era of easy money. To read the complete article click here.
Interview with Vito Maida, Portfolio Manager VPI Foreign Equity Pool
Summer 2017 update VPI Foreign Equity Pool “Falling prices are the friend of long-term investors. If people don’t feel uncomfortable then I’m probably not doing my job.” Please read the complete interview click here
Is the Bank of Canada finally signalling an interest rate hike?
Stephen Poloz speaks out on interest rate hike The Canadian dollar extended gains and investors ramped up bets of a rate increase as early as next month after Bank of Canada Governor Stephen Poloz reiterated the central bank may be considering higher interest rates. The nation’s currency jumped 0.7 percent to C$1.3103 per U.S. dollar… Read more »
Canada’s big banks admit they overcharged customers – what went wrong?
RBC latest bank to get slapped with a multi-million dollar penalty for overcharging clients On Tuesday, Royal Bank was the last of Canada’s five big banks to get slapped with a multi-million dollar penalty for charging customers excess fees for investment products like mutual funds. In some cases clients were unknowingly overcharged for more than… Read more »
VPI Canadian Equity Pool Newsletter
To read the complete VPI newsletter, please click on the link below: VPI Canadian Equity Pool Newsletter – May 2017 What You Own – Canadian Utilities – The longest track record of annual dividend increases of any Canadian publicly traded company. With $5 billion in expected future investment from 2017 to 2019 in natural gas and electricity distribution and… Read more »
What is an interest-saving mortgage?
Newsletter provided by Hein Moes, Mortgage Consultant, Invis … Read more »
RRSP: A Smart Choice for Business Owners
If you’re a business owner who operates through a corporation, you have two main options for deferring taxes when investing your business profits. You can leave excess funds in your corporation for investing or you can withdraw funds and invest in an Registered Retirement Plan (RRSP). To read the complete article click here