Alterna Blog

We recognize the drive and determination of small business owners and entrepreneurs who power the Canadian economy. Behind each of their inspiring stories lies a common challenge: navigating the maze of financial barriers.

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.

Most Canadians can benefit from having a registered retirement savings plan (RRSP) and a tax-free savings account (TFSA) — both are great tax-sheltered savings vehicles.

Raising a child in Canada is a significant financial commitment, with the average cost reaching $16,900 per year or $320,000 by the time they turn 18

Holding a portfolio of different securities is one of the keys to long-term investment success. It’s called “diversification” and this proven technique can be effective in improving a portfolio’s risk-return profile (i.e., it’s designed to enhance performance over the long run while helping to mitigate risk).

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.