Stock Market’s Up, Interest Rates are Down, What’s Next for Canada?
The TSX just wrapped up its sixth straight month of gains, even as the Bank of Canada cut rates again and GDP dipped. Here’s what’s driving markets, how it impacts borrowers and savers, and what to watch heading into November.
Best High-Interest Savings Accounts in Canada
With interest rates dropping after the Bank of Canada’s cut, every percentage point counts. Here are Canada’s top high-interest savings accounts right now (PC Financial, EQ Bank, and Wealthsimple) compared side by side.
Canada’s Inflation Rate rose to 1.9% in June
Canada’s inflation rate rose to 1.9% in June. Prices for groceries, cars, and clothing are still climbing, and interest rates are likely to stay high for now. Here’s what’s driving inflation and how to stay ahead financially.