24 Oct 2012

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Bank of Canada Maintains Status Quo

The Bank of Canada remains committed to the status quo as global headwinds continue to restrain economic activity. Yesterday the BOC announced it would maintain the current overnight at 1%, however, Mr. Carney did comment to say that, “Over time, some modest withdrawal of monetary policy stimulus will likely be required.”, which leads me to beleive that he is itching to increase rates. Mr. Carney cited: “Core inflation has been lower than expected in recent months…” “Total CPI inflation has fallen noticeably below the 2 per cent target…and is projected to return to target by the end of 2013, somewhat later than previously anticipated.” “Housing…

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3 Dec 2012

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Windowless bedrooms in condo ok…

I read an article yesterday about windowless bedrooms and how they don’t pose a safety threat. “Windowless bedrooms…

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7 Dec 2012

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The 5 Commandments of Christmas gift...

I came across an excellent post earlier this morning and had to share. My favorite sentence “When you…

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22 Oct 2012

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Do Your Homework Before Getting a...

Why it pays to do your homework before you get a mortgage. Aside from being the biggest financial…

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6 Mar 2013

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Bank of Canada announcement, no...

At 10:00 am EST, Wednesday March 6th, 2013, the Bank of Canada again did what we expected them…

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22 Oct 2012

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65% LTV HELOC Has Arrived

And so it begins… Effective September 4, 2012 National Bank is implementing the new Home Equity Line of…

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22 Oct 2012

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Canadian Banks are Defrauding and...

Canada’s banking system has been the subject of international praise from economists grappling with global turmoil, but one…

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22 Oct 2012

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Our Best 10 Year Mortgage Strategy

My friend Nathan is a tax accountant and he is great at looking at things objectively. Last week…

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22 Oct 2012

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New Penalty Disclosures On The Way

In the past, financial institutions would not provide borrowers with the complex formulas and examples needed to accurately…

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7 Apr 2013

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RBC Replaces Canadian Workers With...

Canada’s largest bank has laidoff 45 Canadian workers and will be replacing them with foreign workers. “Dozens of…

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23 Jan 2013

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Suffering from Christmas debt hangover

Aside from any extra weight they may or may not gained over the holidays, most people also gain…

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16 Mar 2013

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5 ways wealthy people become wealthy

Most of us can’t rely on lotteries or inheritances for wealth. But we CAN observe how wealthy people…

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21 Jan 2013

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Calgary Home and Garden Show

While it’s not quite gardening season yet, it’s certainly the time to start thinking about it, and the…

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