Just under a year ago we wrote an article on the posted inflation rates. That article can be found here. Now that 2018 is in the rear-view mirror, we thought we would look at inflation with a new set of stats. Before we get ahead of ourselves, lets make sure everyone understand what inflation is.... Continue Reading →
Dating back to the summer of 2017, we have seen 4 interest rate hikes. On Wednesday, October 24, the Bank of Canada raised interest rates for the 5th time, to the current level of 1.75%. Prior to July 13, 2017, the central rate was 0.5%. This 1.75% is called the Bank of Canada rate. This... Continue Reading →
Inflation is a key factor when evaluating an economy. If inflation is at abnormally high levels, there are many negative side effects. These side effects may include the BoC (Bank of Canada) raising interest rates, which as we know, decreases the purchasing power. Inflation can be defined as a 'sustained increase in the general level... Continue Reading →
