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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...

Why Smart People Make Bad Entrepreneurs

I was reading an article by Carol Roth on this subject and was immediately intrigued by her assertion that one of the most counter-intuitive traits that can hurt entrepreneurs is smarts. In summary: While you may think that being smart, motivated and talented would...

Why use a broker?

Why use a broker? It’s a question I get asked from time to time, often from those who went directly to their bank when they bought their property decades ago. The mortgage landscape has changed since then, and the terrain can be difficult to navigate. That’s where...

Canadians Worry About Personal Finances

According to a survey conducted by the Canadian Payroll Association, Canadians have poor saving practices and are prepared to work longer to make ends meet. This mirrors the common belief that the children of baby boomers will have a poorer standard of living than...