Weekly Personal Finance Roundup For January 23rd 2015

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New this week in the world of Canadian personal finance, blogs are writing about the Bank of Canada lowering their key interest rates for the first time since 2010. Be that as it may, the major banks in Canada are still deciding whether or not they will lower their prime rates as a result. The Bank of Canada news is not the only subject personal finance writers are blogging about this week. Other topics in this roundup cover the Ontario Retirement Pension Plan and self-employment, exchange traded funds, and taking control of ...Continue reading

Bank of Canada Lowers Interest Rates: How This Affects Life Insurance

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Bank of Canada shocked the Canadian finance community yesterday when it announced that they have cut their overnight lending rate by 0.25 per cent. The Central Bank of Canada attributes that the cause of the cut in key interest rates is due to the falling price of oil. In the past six months, the price for oil has decline to US $50 from US $105. Oil importing economies, for example the United States, benefit from the low cost of oil. In addition, the low oil prices are expected to boost global economic growth and create ...Continue reading

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