Finance News
Making sense of the markets this week: December 11, 2022
“The Canadian economy grew more than expected in the third quarter, although the weakening housing investment and consumer spending suggests that higher interest rates are beginning to bite. Gross domestic product (GDP) increased 2.9% on an annualized basis from July...
Is it better to list a beneficiary on registered investments or have the account go to the estate?
Named beneficiaries vs the estate—which is better? Thanks for writing in, Catherine. A common thing we think about when doing our estate plan is how to make transferring our assets and money to friends and family go smoothly. So, naturally, this brings up the...
Mortgage payment calculator – MoneySense
For the majority of Canadians, buying a home will be the single biggest purchase they ever make, and getting a mortgage is an essential part of this process. But how do you ensure you get a mortgage that you can actually afford over the long term? That’s where a...
Mortgage down payment calculator – MoneySense
If you plan to purchase a property, you’re likely aware that you’ll need a down payment. This is the portion of the purchase price you pay upfront and that is deducted from the amount you owe on the property. But how much will you need to save to cover the down...
The best five-year fixed mortgage rates in Canada 2022
After consecutive years of record-low interest rates in Canada, we are entering a period of rising rates—which makes the cost of borrowing money, be it for a mortgage or a student loan, more expensive. The possibility of more rate hikes can make the stability of a...
Canada Living Wage: Your Guide To The Cost Of Living In Canada
What is the living wage in Canada and how does it work? Unlike the minimum wage, living wages thoroughly consider an employee’s income needs and their actual cost of living in an effort to ensure that all working Canadians are compensated fairly. In this article,...
Saskatchewan Minimum Wage: The Current Wage Rates In Saskatchewan
Saskatchewan minimum wage is currently $13.00 per hour – the lowest of all the Canadian provinces and territories. Like minimum wage, Saskatchewan housing costs are also significantly lower than the rest of Canada. According to the Canadian Real Estate Association, in...
How Much Is Minimum Wage In New Brunswick? What Workers Should Know
In 2019, the Government of New Brunswick announced that minimum wage in New Brunswick would be adjusted each year by the same percentage change in the province’s Consumer Price Index (CPI). Currently, minimum wage in New Brunswick is $13.75 per hour. The CPI is a...
How Much Is Minimum Wage In Newfoundland And Labrador?
Minimum wage in Newfoundland is currently set at $13.70 per hour – similar to other provinces in Atlantic Canada. Known for its stunning scenery, Newfoundland and Labrador is also considered an affordable place to live. In October 2022, the average cost of a home in...
The best five-year variable mortgage rates in Canada
Compared to other mortgage products in Canada, five-year variable-rate mortgages are very attractive when market interest rates are low, as they have been for the last several years. Though historically less popular with Canadians than five-year fixed-rate mortgages,...
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Melinda is a research journalist working performing her duties as chief editor at this news station. She is a talented writer and comes up with facts everybody wants to know.
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