As you likely already know, the economies of Canada and the United States are closely linked. As such, and since the US is Canada’s largest trading partner, interest and mortgage rates in Canada tend to follow closely the interest and mortgage rates in the US. In today’s blog, we are going to discuss interest rates, […]
If you have ever met with a financial advisor or discussed your investments with your lawyer or accountant, you may have come across the term “balanced portfolio.” So, what is a balanced portfolio for an investor? A balanced portfolio can mean different things for different people. For most people, it means balancing risk vs reward […]
MCI stands for Monetary Conditions Index. In today’s blog article we are going to discuss what the MCI is and what it means in the economy. MCI Definition The MCI is a number calculated from the weighted average changes in short-term interest rates and exchange rates compared to values from a base period. The MCI […]