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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...
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Navigating Social Media Safely: Tips for Parents and Kids

 

Social media has become an integral part of teenagers’ lives, but it also raises concerns for parents. Here are some essential guidelines to help protect your kids online:

  1. Age Considerations: While there’s no magical age, experts recommend waiting until at least 13 before allowing kids on social media platforms. However, consider individual maturity levels and readiness.

  2. Privacy Awareness: Teach your child to protect their privacy by:

    • Avoiding friend requests from strangers.
    • Keeping account passwords secure and changing them regularly.
    • Not sharing passwords, even with friends.

  3. Monitor and Discuss: Regularly check your child’s social media activity. Engage in open conversations about their experiences online.

  4. Model Healthy Use: Be a positive role model by demonstrating responsible social media behavior.

  5. Social Media Literacy: Educate your child about recognizing fake news, cyberbullying, and the impact of their online presence.

Remember, staying informed and maintaining open communication are key to ensuring a safe digital environment for your family. 

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