Canadian GIC rates continue recent declines. The rate on 1 year GICs is also higher than the rate on 2 year GICs at many issuers currently. There is also a shallower forward curve as the difference between 1 year rates… Continue Reading
Canadian GIC rates have decreased since my last update during December. Now at the end of February, the forward curve is sloping upward (no more higher kink in the 1-2 year rates) but the spread between 1 and 5 year… Continue Reading
CPA Canada has released a number of resources that help us understand why our tax system needs updating and what should be done to improve it. Click here to view CPA Canada’s website.
Below is a list of common investment terms with basic explanations. Accrued Interest – Interest due from issue date or from the last coupon date to the security settlement date. Interest that has accumulated on a bond since its most recent… Continue Reading
Below is a reference page on how to use DBRS ratings. The DBRS® long-term debt rating scale is meant to give an indication of the risk that a borrower will not fulfill its full obligations in a timely manner, with… Continue Reading
So you’ve worked your way out of your parent’s house in the suburbs, achieved your initial career goals by working as a downtown professional, and now you realize its time to step up your financial game by making better use… Continue Reading
Today the Washington State regulator in charge of a subsidiary of Avista has rejected the proposed merger between Hydro One and Avista Corp. Shares of Hydro One were up almost 5% this morning on the news, while Avista shares were… Continue Reading
I’ve created a new page to track the best GIC rates. Click Here for the latest GIC Rates. The list of the best GIC rates is created by surveying the best wholesale GIC rates offered at major Canadian brokerages (RBC,… Continue Reading
Most HISA rates from major Canadian issuers are up to 1.60% as of the time of writing. A cash portfolio of $1,000,000 will currently yield an annual income of $16,000 at this rate. Click here to view the latest High… Continue Reading
MCAN is a Mortgage Investment Corporation (MIC) traded with symbol MKP on the TSX. Its mortgage portfolio contains a mix of construction loans and single family mortgages. According to their most recent investor update the loan portfolio is worth $919… Continue Reading
