Finance News

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,...

My 2023 Financial Goals – Boomer & Echo

My 2023 Financial Goals – Boomer & Echo

It’s safe to say that 2022 did not go according to plan. On a macro level we had stubbornly high inflation, rapidly rising interest rates, and falling stock and bond prices. Personally, we managed to execute our revenge travel plans with a week in Maui,...

How to plan for retirement in five or 10 years

Most of your money will be tied up in your home. Is your plan to leave that money to your children? If not, when would you want to access that money and how? When you’re engaged in the planning process, experiment with different solutions as to when and how to access...

Should you buy a new or used car?

Should you buy a new or used car?

3. Insurance rates Generally speaking, it costs less to insure a used car than a new car, but this isn’t a hard and fast rule. Many variables can affect insurance costs, such as the type of vehicle and the level of risk attached to it. For example, insuring a sports...

Canada’s best credit cards for gas

Canada’s best credit cards for gas

Find your next credit card* See cards tailored for you from over 12 banks and card issuers No impact to your credit score Get an answer in under 60 seconds You will be leaving MoneySense. Just close the tab to return. The best credit cards for gas in Canada Credit...

Compare the best GIC rates in Canada 2022

In addition to the payout schedule, you’ll want to understand how interest is compounded for the GIC you’re considering.  With simple interest, the bank pays interest on the initial principal only. This means that if you invested $100,000 into a two-year GIC with a...

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December 8, 2022, 8:22 pm
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