The Bank of Canada released information today explaining that the economy is recovering a bit faster than expected, with no risk of runaway inflation. With that said, the Bank of Canada has left its trend setting rate untouched at 1%. Governor Mark Carney’s decision to keep the bank’s overnight rate untouched also reflects concerns that

Today I came across an interesting survey from Scotiabank, which questioned Canadians on a great personal finance question: “Where does all your money go?” The question above is something we find asking ourselves more often than not; at the end of the month, for many people who do not go through their finances enough they

Have you ever found yourself spending more money you planned on when you are with a couple of your friends? I find that when around a group of friends, we all tend to lose track of our financial goals, and succumb to peer pressure and spend on what the collective is doing. It does not

One of the best surprises anyone can have is when you put on an old pair of jeans, or jacket you discover money in the pockets. The discovery can be such a great experience, you are now a little bit richer than you were just a minute ago. Imagine putting forth this concept with your

Financial Literacy, the ability to understand finance. It refers specifically to the set of skills and knowledge that allow an individual to make informed. With the knowledge in hand, you can make effective decisions in your daily finances. With that said, when some people are questioned about their finances, the majority tends to state that

BMO Bank of Montreal has recently announced the launch of BMO Lifetime Cash Flow, an industry first product that allows Canadians aged 55 and over with a guaranteed cash flow for life. This new product is a great addition to the suite of deposit products that comprise the BMO LifeStage Retirement Income Portfolios. Retirement can

With Christmas just two days away, we are reminded how important family and friends are. There will be several days where you will get together with family and friends, reminisce about the year and share a few laughs together. The relationships we hold with our family and friends, is it worth losing over something as