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Impact of Increasing Interest Rates on Debt

By Trevor Glasser

  This past July, after seven years of leaving its key interest rate steady at near-historic lows, the Bank of Canada increased its overnight rate by 0.25 percentage points to 0.75 percent. In September, the bank raised it another quarter-point to 1.0 percent amid strong economic growth. While we’re unlikely to see another increase this year, they […]

Love and Marriage and Finances

By Peter Temple

As Frank Sinatra had crooned, love and marriage go together like a horse and carriage. If finance were part of this picture, it would be driving the carriage. Disagreements over the management of household finances have long been known to be a source of major stress on a relationship and, not uncommonly, lead to divorce. […]

Budgeting for Baby

By Terryl Allen

From pre-natal preparations to preschool to post-secondary, raising a child in Canada is not for the financially faint of heart. The average annual cost for raising a child to the age of 18 has been estimated to be a cool $13,000 which, of course, will not necessarily decrease at that age if you plan to […]

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