According to Tuesday's budget, the Liberals plan to run a $29.4-billion deficit for the fiscal year with no balanced budget planned until at least 2020-2021. The spending is in efforts to amp investment in infrastructure and boost the oil-weary economy.
Penelope Graham is the Managing Editor of Zoocasa.com, a real estate website that combines online search tools and a full-service brokerage to let Canadians purchase or sell their homes faster, easier and more successfully across the nation, including the Toronto, Calgary, and Vancouver MLS. Home buyers and sellers can browse listings on the site, or with Zoocasa’s free iOs app.
Would-be vacationers could find themselves paying 30 per cent more for their warm-weather getaways this year. As the Loonie hovers around US$0.75, three-quarters admit the weak currency has impacted their trip plans. But cash-strapped travelers needn't settle for a staycation, as a number of travel rewards credit cards can effectively offset travel costs.
03/11/2016 12:47 EST
The long-awaited liftoff is here: the U.S. Federal Reserve has announced they are raising the Federal Funds Target Rate to 0.5 per cent. It is the first time in seven years the Fed has increased their trend-setting interest rate, which they cut to 0 per cent on December 16, 2008. Markets had widely anticipated the move, with 81 per cent calling for a hike today. As the U.S. is the largest economy in the world, any change it makes reverberates through the rest of the globe, impacting markets and even the cost of borrowing for other countries.
12/16/2015 04:06 EST
For the savvy shopper, spending holidays can be a great time to save a few bucks on your gift list -- but getting caught up in these sales has a downside. The good news? Your method of payment can go a long way in protecting you from shopping pitfalls.
11/24/2015 11:41 EST
The third-party payment app, which allows users to upload their credit cards and tap their phones to pay for purchases, will roll out sometime in the final months of 2015 for iPhone 6 and up. Unlike its widespread presence in the U.S., though, the Canadian app will only be compatible with American Express credit cards -- for now.
11/01/2015 05:28 EST
A recent piece by the CBC states credit card debt has spiked among students over the past five to 10 years. However, this conflicts with reports that students are eschewing credit cards altogether. So, what's the real story on student consumer debt? To find out, we asked 820 Canadians born between 1990 and 1996 about their debt perspectives.
09/04/2015 05:52 EDT
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