H&M Financial Blog

Budget 2017 Update

The B.C. NDP government has tabled it’s first budget.  It will raise taxes on corporations and high-income earners to help pay for new spending on education, affordable housing and the ongoing overdose crisis.

To read an update on the budget click here.

 

11 things to know about B.C.’s 2017 budget update

The B.C. NDP has added significant new spending in its 2017 Budget update, which is its first financial plan since it took office.

For the 2017/2018 fiscal year, the government will spend $51.9 billion, nearly $2 billion more than the B.C. Liberals planned to spend in their February budget, which was never passed.

To read the complete article click here.

The Bank of Canada raises benchmark interest rate to 1% as the Canadian dollar rises!

The Bank of Canada raised its benchmark interest rate by a quarter of a point to one percent on Wednesday.

It’s the second time this year that the central bank has upped the rate, after hiking it for the first time in seven years in July.

The central bank’s rate has an impact on lending rates that consumers and savers get from […]

Interest rates have finally increased: How that could affect your loans

From mortgages to lines of credit, the rise in the ‘overnight rate’ will hit Canadian consumers.

After seven years of leaving its key interest steady or cutting it to near-historic lows, the Bank of Canada has finally increased its overnight rate by 0.25 percentage points to 0.75 per cent.

The overnight rate determines the rate at which banks lend money to each other […]

Bank of Canada Raises Interest Rates for the first time in seven years

The Bank of Canada’s first interest-rate hike in seven years has set in motion a complex unwinding of a near-decade-long era of easy money.

To read the complete article click here.