Hi my friends! Inflation numbers are out today. And I finally have some GOOD NEWS to share :)  September CPI is down at 3.80% from August CPI at 4% This is great news ahead of BoC’s interest rate announcement next week (October 25) as inflation is one of the major factors that dictates what BoC will do. Looks promising for no increase next week from where we currently stand (but no guarantees or promises of course) Some high-level points: Inflation rate is lower... [read more]

Happy December :) I am here with the gift of good news as we roll into the holiday season yay! As we all know, last week, BoC held its interest rate for the third consecutive time. In them doing this, Bank of Canada officials acknowledged that higher interest rates are 'clearly' restraining household spending and that the economy is no longer overheated. But in that same breath, they continue to mention that they will increase interest rates if inflationary pressures... [read more]