by Allen Ehlert | July 31, 2024 | Economy, Personal Finance
Is it possible to address the labour shortages in some sectors of the economy due to the retirement of the Baby Boomers, the largest generation in the history of the workforce, and the upcoming Generation Z, or the Zoomers, who are the smallest generation through...
by Allen Ehlert | July 18, 2024 | Economy, Mortgages, Personal Finance
According to the Bank of Canada’s report, uncertainty and cost pressures remain firms’ most frequently mentioned concerns. The sources of uncertainty were domestic factors: Economic growth Interest Rates Tax Policies Declining business sentiment Consumers cut...
by Allen Ehlert | December 9, 2023 | Economy, Mortgages, Personal Finance
Ever wondered how interest rates affect the value of a country’s currency? Buckle up and let’s dive into the intriguing world of currency and interest rates! The Relationship Between Interest Rates and Currency Value Central banks often increase interest...
by Allen Ehlert | December 4, 2023 | Economy, Mortgages, Personal Finance
Many so-called experts claim as Canada’s baby boomers retire, there is a growing need for immigrants to fill the labour market. Actually, no. There are very few well-paying jobs in Canada (and you can’t survive in Canada without a well-paying job or...
by Allen Ehlert | December 4, 2023 | Economy, Mortgages, Personal Finance, Real Estate
Why You Should Avoid Choosing a 3-Year Fixed Mortgage in 2024 Thinking of getting a three-year fixed mortgage in 2024? You might want to reconsider. While some people are tempted to time the market and assume that interest rates will go down, this strategy is risky...
by Allen Ehlert | December 4, 2023 | Economy
Small businesses in Canada are facing significant financial challenges and struggling to access the necessary financial tools. With increasing debt levels, difficulties in attracting customers, and rising costs, the situation is becoming more concerning. In this blog...
by Allen Ehlert | December 4, 2023 | Economy
The US economy is outperforming its neighbour to the north, Canada. Despite facing similar challenges of high inflation and increased interest rates, the two economies have taken different paths. In this blog post, we explore the factors that have contributed to...
by Allen Ehlert | December 4, 2023 | Economy
Despite indicators indicating a decline, the Bank of Canada is not reducing interest rates. Due to a mismatch between money and goods, inflation and interest rates remain elevated. This blog investigates the causes and effects of this phenomenon on the Canadian...
by Allen Ehlert | December 4, 2023 | Economy, Personal Finance
Recent consideration by the Alberta government to withdraw from the Canada Pension Plan has ignited a heated debate. Numerous Canadians are concerned about this proposal’s potential drawbacks and effect on retirement security. In response, Alberta has launched...
by Allen Ehlert | December 4, 2023 | Economy, Personal Finance
Canadians are struggling to make ends meet amidst the strain of elevated interest rates. Many are concerned about the future due to the Bank of Canada’s decision to maintain rates. In this article, we will discuss the effects of high interest rates on...
