The You First Blog

On Wednesday the Bank of Canada (BoC) announced its latest rate increase, lifting the overnight policy interest rate by 50 basis points (bps) to 3.75%. Most analysts had predicted a 75bps increase. The lower-than-expected increase represents a continued slowing in the pace of increases since the start of the rate hiking cycle. The 50bps move… Read More

As we all know, the tail-end of 2021 and 2022 so far have been challenging to say the least. Inflation – from supply issues, from COVID-related fiscal stimulus, from emergency rate cuts, and from Russia’s invasion of Ukraine – has persistently been well above the Bank of Canada & U.S. Federal Reserve target mandates of… Read More

As interest rates rise, savings and GIC rates have risen. Here are some of the short-term cash savings options we have access to. Please contact our office to speak with Anthony or Frank if you have questions about these rates. Top Investment Savings Account (ISA) rate as of September 19, 2022 2.90% on first $99,999.99,… Read More

Earlier this summer, the You First office moved from the West End to Coal Harbour. The new address is 670 – 1199 W. Pender St., located at the intersection of W. Pender and Bute. The buzz code to enter the building is 0670. The phone number remains 604-682-1847.

During times of market turmoil, it is common to feel the need to exit the market to “cut your losses”. However, time and again, history tells us that “cutting your losses” is more costly in the long run than you think. Here are a few charts explaining why we don’t sell during market declines. Markets… Read More