From the Bank of Canada's steady hand to a surge in housing starts and Ottawa's new financial crime-fighting agency — here are the five money stories every Canadian should have on their radar this morning. 1 Bank of Canada Rate Holds at 2.25% — Next Decision June 10 The Bank of Canada kept its overnight rate at 2.25% on April 29 and has signalled it intends to stay put for now. Governing Council is keeping a close eye on Middle East conflict spillover into energy prices, ongoing U.S. tariff uncertainty, and whether inflation — currently hovering just above the 2% target — becomes entrenched. Bond markets are currently pricing in roughly an 18% chance of a 25-basis-point cut by the July 15 announcement, making a move at the June 10 meeting unlikely. 💡 What it means for you: Variable-rate mortgage and HELOC holders can exhale — no surprise hikes on the horizon. But don't expect big rate relief either; the "lower-for-longer" window appears to be closing. 2 Mortgage...
Make a list: Before you start shopping, make a list of all the people you need to buy gifts for and set a budget for each person. This will help you stay organized and avoid overspending.
Shop online: Shopping online can save you time and money. You can easily compare prices and find the best deals without leaving your home. Many retailers offer free shipping during the holiday season, so take advantage of this to save even more.
Use coupons and promo codes: Before you make a purchase, search for coupons and promo codes online. You can often find discounts that will help you save money on your purchase.
Buy in bulk: If you need to buy gifts for multiple people, consider buying in bulk. This can help you save money and time.
Shop early: The earlier you start shopping, the more time you have to find the best deals. You can also avoid the crowds and stress of last minute shopping.
Consider gift cards: If you’re not sure what to buy someone, consider giving them a gift card. This can save you time and ensure that the recipient gets something they’ll love.
Compare prices: Before you make a purchase, compare prices at different retailers. You may be able to find the same item for a lower price somewhere else.
Use credit card rewards: If you have a credit card that offers rewards, use it to make your holiday purchases. You can earn cash back or points that you can use for future purchases.
Hopefully these tips help you save money and time on your last minute holiday shopping!
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