Bank of Canada Keeps Rate Steady

The Bank of Canada announced this morning that it is holding its key policy rate steady, the fourth time in a row that it has kept the rate unchanged.  This comes despite news yesterday that the Canadian economy expanded by 3.3 percent in the last three months of 2010, a full point more than the Bank of Canada had predicted and ahead of the pace in the US. Read Details

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A Line of Credit is Not an Asset!

The Author of the Wealthy Barber, David Chilton was interviewed in Toronto to talk about his new book, Significantly Older, Marginally Wiser.

His comments are well worth the 5 minutes it takes to read this interesting article about how we have come to think of credit as an “Asset”.  As a member of the financial industry I have to share this with you so you don’t fall into the same trap!

Elfie Hayes

Lowrate.ca

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