As expected the Bank of Canada increased it’s policy interest rate this morning by 50 basis points: Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening - Bank of Canada. This rate increase puts the policy rate at 3.75%, the first time it’s been at this rate since 2008. This is concerning for many regarding their mortgage payments. Wo...

I hope you are doing well despite the crazy days. Please reach out and let me know how you are. To keep mentally alert and phically fit through the pandemic I have commited to walking an average of 5km/day. On Sunday June 6 2021 I will be walking a heart shaped route and and raising funds for the 2021 virtual Manulife Heart & Stroke Ride for Heart so that we continue to lead the fight to b...

Last week the Bank of Canada announced that the plan to keep the interest rate close to zero until 2023. (See article). Mortgage rates also remain low. This has sparked a discussion amongst some friends regarding mortgage rates and the idea of changing mortgages and the benefits of having a fixed or variable mortgage. I was asked for my opinion on the matter. The fact is that I am not a mor...

Are you concerned about the increase in Coronavirus infections? Recently I have had numerous conversations with clients. Many are wondering what happens if they or a family member contracts the virus? Do they have adequate life and illness insurance? Some clients need to travel and want to know if their travel insurance will provide coverage if they fall ill due to COVID 19.

The truth ...

It would be an understatement to say that COVID-19 has had serious and far reaching impact on society and stock market alike. We have seen tremendous market volatility over the last few months. The key is to stay focused on the long term. Here is some information from Manulife Financial that may help. Investing during volatile times can challenge your discipline and commitment, but there ...