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Impact of Recent Bank of Canada Rate Cut

It has now been two weeks since the most recent .25% cut to the Bank of Canada’s overnight rate. My question is “What is the impacted to you and your mortgage?” 1. Despite the .25% reduction, the Prime Rate in which banks lend money, only reduced by .15%. This is the...

Finding Funds

This article written by Bruce Smith was originally published in The Londoner’s May 14, 2015 issue. Starting your own business is the dream of many Londoners or, for that matter, many Canadians and others around the world. You have an “idea” for a business, a...

Good versus bad debt

This article was originally published in the March 26th, 2015 edition of The Londoner, which is available online here. Bruce Smith, Special to The Londoner It seems that not a day goes by without another media report on the amount of personal debt carried by...