Your Variable Mortgage Just Got More Expensive — Now What? If you have a variable-rate mortgage in Canada, October 28, 2026 was not a quiet day for your household budget. The Bank of Canada raised its key policy rate by 25 basis points, from 2.25% to 2.50%. It was the first rate hike since July 2023, and it arrived with September inflation still running at 3.1% — above the … [Read more...] about Your Variable Mortgage Got Pricier: 5 Moves After the Hike
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The Debt Payoff Order That Saves You the Most Interest
Same Payment, $400 Less Interest Imagine two people with the exact same debts and the exact same monthly budget for killing them. One pays off every debt in 28 months and $3,305 of interest. The other takes the same 28 months — but pays $3,707 in interest. The only difference? The order they attacked the debts in. That’s not a trick. It’s just how interest works: every dollar … [Read more...] about The Debt Payoff Order That Saves You the Most Interest
5 Questions to Ask Your Lender Before Oct 28
5 Questions to Ask Your Lender Before Oct 28 September inflation came in at 3.1% this morning — StatsCan released the numbers at 8:30 AM ET, gasoline up 27.8% from a year ago. Nine days from now, on October 28, the Bank of Canada (9:45 AM ET) and the U.S. Federal Reserve (2:00 PM ET) announce rate decisions on the same day. Two central banks, one day — millions of Canadian … [Read more...] about 5 Questions to Ask Your Lender Before Oct 28
What the Fed’s Rate Hikes Do to YOUR Wallet
The Fed just raised rates for the first time in over three years. So what does that actually do to your money? On September 16, 2026, the U.S. Federal Reserve did something it hadn't done since July 2023: it raised interest rates. The vote was unanimous — 12 to 0 — and the fed funds rate now sits in a 3.75% to 4.00% range. Most Fed officials signaled at least one more hike … [Read more...] about What the Fed’s Rate Hikes Do to YOUR Wallet