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Jul
13
Tarek Mnaimne has been considering dipping his toes into the Canadian real estate market, particularly in Toronto or Montreal, but the rate hike from the central bank is giving him pause. “It just doesn’t look as attractive as it used to,” says Mnaimne, a Canadian expat currently working in Kuwait City as an investment analyst. […]
Jul
6
TFSAs are beating up on RRSPs. The tax-free savings account has only been around since 2009, while registered retirement savings plans were created in 1957. But age and experience count for little in today’s savings world. Data from the Canada Revenue Agency shows that TFSAs have been drawing in more money than RRSPs in recent […]
Rate hike has immediate effect on consumers
Tarek Mnaimne has been considering dipping his toes into the Canadian real estate market, particularly in Toronto or Montreal, but the rate hike from the central bank is giving him pause. “It just doesn’t look as attractive as it used to,” says Mnaimne, a Canadian expat currently working in Kuwait City as an investment analyst. […]