10 Top Financial Strategies Based on Net Worth, as Recommended by Vincent Chan
10 Best Strategies for Your Finances Based on Net Worth, According to Vincent Chan PeopleImages / Getty Images/iStockphoto Financial guru Vincent Chan has made a name for himself on various social media platforms, offering actionable financial strategies to people from all walks of life. Whether it’s advice on building wealth, investing, savings, or holding on […]
The Fed Pauses Rate Cuts: What This Means for Your Finances.
The Fed is set to hit the pause button on rate cuts, for now. Here’s the impact on your money. Borrowers hoping for more financial relief from the Federal Reserve may have a wait on their hands, as the central bank is expected to hit the pause button on additional rate cuts at its Jan. […]
The stock market has defied headwinds. How long will this momentum last?
The stock market has been on a headwind-defying run. Will it continue? A version of this post first appeared on TKer.co After hitting a few bumps over the past month, the bull market resumed and stocks hit record highs last week. This happened despite some notable headwinds intensifying in recent months. Long-term interest rates, while […]
Top Online Mortgage Lenders for January 2025
The best online mortgage lenders of January 2025 These days, every mortgage lender with a national profile has an online presence. Most, if not all, allow you to start a home loan application online too. However, only a few have grown their mortgage lending business organically by leveraging technology and establishing early-mover status as online […]
What Will Be the Bank of Canada’s Interest Rate Cuts?
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When the Bank of Canada announces its latest decision on interest rates Wednesday, the question for investors is how much rates will come down, not if. “We’ll see a continuation of the normalization of monetary policy, [since] rates are too high and the Bank of Canada knows it,” says Jules Boudreau, senior economist at Mackenzie Investments […]
The Major Question Facing Banks at the Onset of Earnings Season
The big question hanging over banks as earnings season starts Investors have questions about how a new Federal Reserve rate-cutting cycle will affect the biggest US banks, and they will be looking for some answers as third-quarter earnings season begins Friday. First up are results from JPMorgan Chase (JPM) and Wells Fargo (WFC), followed by […]
What Are the Potential Rate Cuts by the Bank of Canada?
The Bank of Canada probably doesn’t need additional reasons to keep cutting interest rates, but with the US Federal Reserve having joined the party with a jumbo cut of its own, there’s now fresh impetus for the Canadian central bank to not only lower rates further but perhaps even take a bigger bite out of […]
Federal Reserve Slashes Rates by 0.5% in Bold Beginning to…
The Federal Reserve announced on Wednesday that it will lower its benchmark interest rate to a target range between 4.75% and 5.00%. That represents a half percentage point from the previous range of between 5.25% and 5.50%. The cut came after weeks of speculation whether the central bank would choose to reduce rates aggressively or […]
What Comes After the Recent Developments in US Markets and Economy
The wait is over: the Fed has cut rates for the first time in over four years. The Federal Reserve announced on Wednesday that it will lower its benchmark interest rate to a target range between 4.75% and 5.00%—an aggressive half-point cut. This was a major headline event, but not a surprise. The market knew […]
The Implications of the Recent Mortgage Amortization Rule on…
In a landmark decision, the Liberal government introduced new mortgage rules allowing Canadians to pay off their mortgage over 30 years, up from the previous bar of 25 years. Under the new rule, which comes into effect on Dec. 15, 2024, first-time homebuyers and buyers of newly built homes can now stretch their amortization period—the […]