Today, grads find themselves in a job market where everyone has the same credentials and experience. Essentially, we all look the same, just like that batch of strawberries! At the same time, employers demand more experience for entry level jobs while the value of university credentials decreases. This is a major issue that universities and... Continue Reading →
Canadian interest rates remain at 1.75%. Canadian economy strong despite global risks and major regional/sector differences.
Money Fruit is a blog series that aims to uncover the financial rules which govern our society, in order to better our reader's financial literacy and fitness. We are your partner in understanding financial current events and hope to inspire our readers to become wealthier in their personal finances. We are not affiliated with any... Continue Reading →
Imagine for a moment that you need to take out a loan to purchase a car that costs $18,000, but do not have that amount saved up just yet. You walk to your local bank branch and the financial advisor tells you that the bank will pay you to take out a loan. Essentially, the bank rate... Continue Reading →
Bank rate: this is the rate set by central banks (i.e. Bank of Canada, European Central Bank) that sets the interest rate at which it will lend to domestic banks. This can affect economic activity. When interest rates rise, people tend to hoard cash, spend less, take out less loans. When interest rates fall, people... Continue Reading →
Money is a wicked resource; it can make or break, it can rise and fall, it can do many things or do nothing at all, and yet, it is a piece of paper (or a synthetic polymer if you're in Canada) that runs the entire scheme of social institutions, investments, purchases, debts, etc. How fascinating... Continue Reading →
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