Bank of Canada Holds Interest Rates Steady: What It Means for Your Investments
The Bank of Canada held its benchmark rate at 5.0%, balancing inflation risks with slower growth. For Canadians, the decision means steady mortgage payments, attractive savings yields, and a more stable outlook for investments.
Canada Introduces Strict Crypto Rules for Investment Funds
Canada’s securities regulators have introduced strict new rules for crypto investment funds, focusing on custody, transparency, and investor protection
Canadian Dollar Drops on Weak Job Data, Investors Brace for Possible Rate Cuts
The Canadian dollar fell after weak jobs data, raising speculation that the Bank of Canada may cut interest rates soon
Bitcoin Plunges 15% After Mt. Gox Repayment News
Bitcoin dropped to $54,000 on June 24 – its lowest since February – after Mt. Gox administrators started distributing 140,000 BTC. This creates potential selling pressure as creditors may cash out coins purchased at just $500 in 2014. The selloff dragged down crypto-related stocks (Coinbase -12%, MicroStrategy -15%).
Nvidia Hits $3 Trillion: AI Boom Reshapes Market Leadership
Nvidia’s stock surged 150% YTD, reaching a $3 trillion valuation on June 18. The chipmaker now commands 80% of AI processor market share, with data center revenue growing 427% YoY. This reflects the AI infrastructure gold rush as companies scramble to deploy large language models.
Fed Holds Rates Steady: What It Means for Your Wallet
The Fed’s June 2024 decision marks the seventh consecutive pause after 2022-2023’s aggressive hikes. While inflation has cooled from 9% to 3.4%, policymakers want more confidence before cutting rates. This means borrowers won’t see relief yet – mortgage rates remain near 7%, and credit card APRs stay at record highs.
How to Build an Emergency Fund (And Why You Need One)
An emergency fund acts as a buffer against unexpected expenses like medical bills, car repairs, or job loss. Without savings, many people resort to high-interest debt, worsening their financial strain. Experts recommend saving 3–6 months’ worth of living expenses, but even a small starter fund can make a difference.
Manulife’s Strategic Growth in the Canadian Insurance Market
Introduction Manulife Financial Corporation is one of Canada’s leading insurance and wealth management companies, with a long history dating back to 1887. Recently, Manulife has focused on expanding its digital offerings and sustainable investment products to meet evolving customer needs. Recent Developments In 2024, Manulife announced the launch of its new digital platform, enabling customers […]