Ken Boodhoo - Financial Advisor

06/07/2023

The Bank of Canada announced a quarter percentage point rate hike this morning, bringing its key interest rate to 4.75 per cent, the highest it’s been since April 2001.

03/17/2023

https://www.bnnbloomberg.ca/what-would-happen-if-a-canadian-bank-failed-1.1896018

Following the collapse of Silicon Valley Bank (SVB), experts say the prospect of a bank failure in Canada remains low and highlight the process by which depositors could get their money back.

03/15/2023

https://www.theglobeandmail.com/investing/personal-finance/carrick-on-money/article-rob-carrick-suddenly-the-interest-rate-winds-have-turned-against-gic/?utm_source=PaidSocial&utm_medium=FacebookAd&utm_campaign=traffic_mkt&utm_id=1&utm_term=Feb&utm_content=keywee-loyaltyscore&kwp_0=2245405&kwp_4=6369797&kwp_1=2735615&fbclid=IwAR3p4S3Shde2e92zs1gBgpymTtzfZh8_J19h-3j_95iTGqRz97xfeKdNiCk

Why it might be good strategy to scoop up the best rates as soon as possible

03/05/2023

https://www.bankofcanada.ca/2023/03/fad-announcement-march-8-2023/

On Wednesday, March 8, 2023, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision.

02/17/2023

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-lock-in-your-mortgage-if-you-cant-afford-to-gamble-but-cuts-may-be/?utm_source=PaidSocial&utm_medium=FacebookAd&utm_campaign=traffic_mkt&utm_id=1&utm_term=Feb&utm_content=keywee-loyaltyscore&kwp_0=2239625&kwp_4=6359115&kwp_1=2731684&fbclid=IwAR0Ak7u1_hpVuHDsPDdWTLr5BcWKS_DwFg2_evouys2narB391z7jFbuKGw

Notable research has shown that certain market-based indicators have predictive power with respect to central bank rates, and there’s positive news behind it for mortgage borrowers

02/05/2023

https://www.facebook.com/100064544237612/posts/570022698492533/?mibextid=Nif5oz

Learn more here.

02/01/2023

https://www.cp24.com/news/increasingly-large-down-payments-could-help-gta-homeowners-weather-downturn-report-1.6253905

A new analysis by realtor firm Re/Max says the Toronto real estate market may be better positioned than previously thought to weather the financial downturn expected this year, though there still may be some choppy waters ahead.

01/09/2023

https://www.facebook.com/100064544237612/posts/544736724354464/?mibextid=Nif5oz

12/07/2022

https://www.bnnbloomberg.ca/bank-of-canada-hikes-key-interest-rate-half-a-percentage-point-to-4-25-1.1856041

The Bank of Canada raised its key policy rate half a point to 4.25 per cent on Wednesday, in line with most economist estimates.

09/23/2022

Learn all about the changes coming to Meridian’s personal credit cards – what’s new, what’s staying the same, and what’s getting better.

08/09/2022

https://www.theglobeandmail.com/business/article-misery-index-2022/?utm_source=PaidSocial&utm_medium=FacebookAd&utm_campaign=traffic_mkt&utm_term=MCA_ROB&utm_content=keywee-loyaltyscore&utm_id=1&kwp_0=2159913&kwp_4=6169012&kwp_1=2654989&fbclid=IwAR02UlsXD8DrB-rvJIuHJxpquGQ4xXLDks_O1j9f-3pPrxzn4jHCoFAY2qM

With the exception of the whirlwind month of May, 2020, it’s been almost 30 years since the misery index has been this high

07/26/2022

https://www.reuters.com/world/americas/bank-canada-seen-set-jumbo-75-bp-rate-hike-inflation-bites-2022-07-13/

The move surprised markets and made Canada the first G7 country to make such an aggressive hike in this economic cycle.