Changes to the BoC rate impacts the prime rate set by Canadian lenders, which in turn affects the pricing of variable-based borrowing products, which are based on the…
Read more Making sense of the Bank of Canada interest rate decision on October 23, 2024 – MoneySenseBorrowing to invest can be risky. It can magnify your returns, as well as your losses. The best candidate for leveraged investing is someone with a high risk…
Read more Borrowing from your HELOC to invest in equities – MoneySenseWhat does the rate cut mean? The immediate impact of today’s rate cut will be interest rate relief for Canadians. As a result of today’s rate cut, most…
Read more Making sense of the Bank of Canada interest rate decision on September 4, 2024 – MoneySenseWhat is the Bank of Canada’s interest rate? This latest decrease brings the central bank’s rate—which sets the benchmark for Canada’s prime rate and variable-rate borrowing products—to 4.5%.…
Read more Making sense of the Bank of Canada interest rate decision on July 24, 2024 – MoneySenseAre you on track, or are you playing catch up? For some Canadians, that may feel like plenty of time to ramp up their retirement savings, especially if…
Read more How to start saving for retirement at 45 in Canada – MoneySenseNow, after a fair bit of research and a few interviews with experts on infinite banking, I feel I know enough to pass on the basics—plus what you…
Read more Infinite banking in Canada: Should you borrow from your life insurance policy? – MoneySenseOpening a margin account A simple option to borrow to invest is by using a margin account at a brokerage. Depending on the existing investments in the account,…
Read more Borrowing money to invest – MoneySense
