Every week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.
This week we’ve highlighted two articles, the first with a look at potential action by the Bank of Canada and the second reviewing changes to Canadian Tax Free Savings Accounts.
Where will Canadian interest rates go from here? Economists weigh in on the Bank of Canada’s next move (http://www.financialpost.com/) – The Bank of Canada held its key rate at 0.75% Wednesday, a move or lack thereof that was expected by almost all economists. The Bank of Canada kept its super-cheap 0.75% interest rate on hold today. The real question for homeowers, says Garry Marr, is can you afford a rate hike? Since Governor Stephen Poloz surprised markets with a quarter point cut in January that nobody saw coming, investors have been betting on another rate cut later this year. If Poloz only cuts once to get through this downturn, it would be the first time in at least 20 years a policy change was confined to one move…
Bump-up for TFSA in 2015 doesn’t have to wait for the budget to be passed (http://www.financialpost.com/) – Canadians are free to top up their 2015 tax-free savings account contribution without fearing any sort of penalty, bank officials said Thursday. The government’s budget released Tuesday increased the annual contribution limit to TFSAs from $5,500 to $10,000 and made it effective to Jan. 1, 2015. Following the announcement there was confusion about whether Canadians could put another $4,500 into their TFSA account right away. The early birds, who were rushing to top up, reported their banks were saying to hold off until the budget was passed…
Come back next week for more interesting news and articles. Enjoy your weekend!
