After a prolonged stretch when interest rates remained relatively high, the Bank of Canada (“BoC”) has entered a rate-cutting cycle whereby, on July 24, 2024, we had our second rate cut of 0.25%. This rate reduction followed the initial 0.25% rate cut announced on June 5, 2024.

Being a student in Canada can be financially challenging, but with a few smart strategies, you can stretch your budget further. Here are some practical tips to help you save money while still enjoying your time at school.

If you’re new to investing, the sheer number of investment vehicles available can be overwhelming. You could try stocks and bonds, but it’s tricky to navigate the complex investment landscape – while also understanding enough about the markets and economy – to know when to buy and sell.

If you’ve been thinking about estate planning and leaving an inheritance to your family and perhaps other heirs, kudos for being proactive. After all, for most people their legacy options when gifting money to loved ones starts with an estate plan.

With mortgage rates still above 5%, deciding whether to buy now or wait requires careful consideration of several factors.

To help investors better understand their investing options, investment products are generally grouped by category – often referred to its “asset class”. Assets within the same asset class tend to behave similarly and are subject to similar rules and regulation.