On Wednesday June 5th, Bank of Canada Governor Tiff Macklem announced a policy rate reduction of 25 basis points to 4.75%, down from 5.00%. In the announcement, Macklem cited easing inflation (April 2024 CPI at 2.7% y/y), core inflation measures slowing, and lower-than-expected first quarter GDP growth. BoC’s three-month measures suggest continued downward momentum. Macklem… Read More
The You First Blog
We hope you and your families enjoyed a happy, healthy, and relaxing holiday season. As we turn the page on 2022 and bring 2023 into focus, here are 15 topics to consider when planning for the coming year. Markets have been increasing since early-October 2022. On October 12, 2022, the S&P 500 bottomed out –… 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