BMO cuts interest rates according to MSN Money… “The bank says starting Friday the rate for one of the most popular types of loans for homebuyers will be 5.59 per cent, down 0.1 percentage points. Many homebuyers are able to negotiate a rate lower than the posted rate at a bank…” Read Full Article: http://money.ca.msn.com/savings-debt/yourmoney/bank-of-montreal-cuts-mortgage-rates
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This article from Financial Post provides some interesting points on new debt perspective thats prevelant among many Canadians…undefined “The debt peddlers may claim debt is now the “new norm” but 58% of respondents feel uncomfortable about it and 33% are “outright embarrassed” by it. And so they should. When the same poll shows that 33% [...]
Interesting post from Financial Post about Canada's savings attitude… “As must be obvious to most financial advisors, Canadians are lousy savers. Four in 10 save nothing at all, while 61% of us save less than $100 a month, according to an Ipsos Reid survey released Tuesday by Toronto-Dominion Bank and ABC Life Literacy Canada. On average, [...]
This post from MSN Money shows just how much people are saving by using coupons. Check it out its amazing! “There's no reason you should pay retail, either. Sales plus coupons plus store-credit offers make it easy to get toiletries, baby items, vitamins, over-the-counter medications, cleaning supplies and even food for free. Sound like a [...]
Many Canadians struggling to make end meet, according to this article from Yahoo Finance. “An online survey completed for TD Canada Trust (TSX:TD) also found that 54 per cent of the 1,003 people who answered said it was a real struggle or impossible to save. The report, released Wednesday, says that 38 per cent of [...]
Poll from MSN Money reveals babyboomer retirement fears…. “Further underscoring the financial squeeze, one in four boomers still working say they'll never retire. That's about the same number as those who say they have no retirement savings. The Associated Press-LifeGoesStrong.com poll comes as politicians face growing pressure to curb record federal deficits, and budget hawks [...]
Money Sense gives valuable tips on saving… “If you’re looking at retirement 20, 30 or 40 years down the road, that’s very different than trying to build up a stash of cash to buy a house, put your kids through school, or go on a much longed-for family holiday…” Read Full Post: http://www.moneysense.ca/2011/04/11/know-why-you%E2%80%99re-saving/
Few tips from Financial Post on how to get more out of your tax refturn. Various strategies in detail: “How big a refund will you get? How much income tax do you owe for 2010? You might save tax by taking some time to fine-tune your income tax return before you file it.Read the General [...]
MSN Money - New Money Coming out in Canada… “ The Bank of Canada says it will start circulating new $100 bill made from a special polymer in November, with a $50 note to follow next March. The more commonly used $20, $10 and $5 notes won't be out until the end of 2013, however….” Read [...]
This interesting article points out how credit card debt can affect our daily lives. Things like Emotional, Mental and Physical health, Relationships, as well as other areas affected by debt stress are discussed by Canadian Personal Finance Blog. “When we think of the negative effects of credit card debt, we often focus on the financial [...]