Wait a minute.. Record savings? Yup, that’s right.. Canadians are sitting on more cash than ever before. A record $75billion, according to a study published today by CIBC economists Ben Tal and Royce Mendes. Click here to read more
Yet, earlier this month, we saw a flood of articles warning of ‘Record personal debt levels’. Which strongly implied we were borrowing and spending like fools. So which is it? Record debt or record savings? Continue reading “Record Savings Levels! Canadians? I thought we had Record personal debt?”
We’re well into January… and right about now, some of us are avoiding the mail for fear of seeing those holiday bills! Ok, so besides avoiding the mail, what’s the best way to tackle those debts?
Here’s some helpful ‘did you know’ questions… Enjoy! Continue reading “Credit Card hangover? Make 2016 a painless year….”
Last month, the US Fed Reserve Bank Chairperson, Janet Yellen, raised rates for the first time since 2006. Historically, Canada follows the US with rate movement.. However, times are changing…Don’t expect Canada to follow the US move anytime soon.
Divergence. That’s the new buzz-word. Bank of Cda Govr, Stephen Poloz said, “Usually you think of the Canadian economy following the U.S. economy fairly closely. This will be one of those places where it really doesn’t.” “But as a macro statement, there will a divergence there. We’re already seeing it, and so you should expect a divergence in policy too,” he said. Continue reading “US Fed rate hike doesn’t mean Bank of Cda rate hike!”
It’s that time of the year again.. The Banks have to report their annual profits.. And no surprise, the BIG SIX BANKS are at it again..
RBC reported a $10billion annual profit for 2015. This is the first time a Canadian company reported an annual $10billion profit. Yet, at the same time, they are crying the blues and warning of troubled times ahead. (uh, that’s the same speech they’ve made for the past 10 years.. here’s a 2013 headline). GIVE ME A BREAK!!! Canadians aren’t buying it anymore..
Check out the obscene profits pulled in by the rest of the BIG SIX BANKS..
Continue reading “BIG SIX BANKs report obscene RECORD $34billion in profits for 2015…and still complaining!”