Iknowaguy

10/05/2025

"Ric actually surpassed my plan and was able to do better than was expected"

01/29/2025

A Newsletter Issue from Ric Lazare - Mortgage & Life Insurance Broker

09/17/2024

Happy to sponsor a fun local softball team: The Bat Sniffers!😆

My baseball team is kicking some butt on and off the field... And we're welcoming our very first sponsor! Thanks to Ric Lazare, Lazare Financial Services inc. AKA "I Know a Guy For That", our very first ball team sponsor, who is taking care of some new 'Bat Sniffers' hats for the next Spring Season....

09/04/2024

Bank of Canada reduces policy rate by 25 basis points to 4¼%.

September 4, 2024

The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization.

The global economy expanded by about 2½% in the second quarter, consistent with projections in the Bank’s July Monetary Policy Report (MPR). In the United States, economic growth was stronger than expected, led by consumption, but the labour market has slowed. Euro-area growth has been boosted by tourism and other services, while manufacturing has been soft. Inflation in both regions continues to moderate. In China, weak domestic demand weighed on economic growth. Global financial conditions have eased further since July, with declines in bond yields. The Canadian dollar has appreciated modestly, largely reflecting a lower US dollar. Oil prices are lower than assumed in the July MPR.

In Canada, the economy grew by 2.1% in the second quarter, led by government spending and business investment. This was slightly stronger than forecast in July, but preliminary indicators suggest that economic activity was soft through June and July. The labour market continues to slow, with little change in employment in recent months. Wage growth, however, remains elevated relative to productivity.

As expected, inflation slowed further to 2.5% in July. The Bank’s preferred measures of core inflation averaged around 2 ½% and the share of components of the consumer price index growing above 3% is roughly at its historical norm. High shelter price inflation is still the biggest contributor to total inflation but is starting to slow. Inflation also remains elevated in some other services.

With continued easing in broad inflationary pressures, Governing Council decided to reduce the policy interest rate by a further 25 basis points. Excess supply in the economy continues to put downward pressure on inflation, while price increases in shelter and some other services are holding inflation up. Governing Council is carefully assessing these opposing forces on inflation. Monetary policy decisions will be guided by incoming information and our assessment of their implications for the inflation outlook. The Bank remains resolute in its commitment to restoring price stability for Canadians.

Information Note
The next scheduled date for announcing the overnight rate target is October 23, 2024. The Bank will publish its next full outlook for the economy and inflation, including risks to the projection, in the MPR at the same time.

08/04/2024

"Ric is great at what he does! Honest and genuine guy. Helped me out a lot and answered all my questions in a timely manner. Highly recommend!"

07/28/2024

"Highly Recommend His Services!"

06/05/2024

Bank of Canada reduces policy rate by 25 basis points.
The Bank returns on July 24th with its next monetary policy announcement.

Bank of Canada reduces policy rate by 25 basis points. FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario June 5, 2024 The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sh...

10/02/2023

"Friendly, helpful, knowledgeable! I would happily recommend Ric to anyone looking for a mortgage. He took away any stresses!!!"

09/11/2023

"Ric is 100% professional, down to earth, patient and kind. Ric took each step of the process with us, if we had questions Ric was always available to answer them. Ric is truely remarkable.
Thank you Ric for making our first home possible. We are forever grateful!"

08/27/2023

"As a first time homebuyer who felt quite overwhelmed by all the paperwork and steps involved, I felt reassured each step of the way because of Ric. He was very accommodating to my schedule, and it was great to be able to do a Skype like meeting and be able to sign most of the papers online due to my busy schedule. 11/10 recommend Ric to family & friends"

06/04/2023

"Ric was very easy to work with. It was great being able to communicate online rather than in an office to help accomodate my schedule. He was thorough and very knowledgeable about mortgages. He made sure we understood what we could afford and answered any questions we had. He found us a great rate with everything we specifically wanted. What more could you ask for?"