Interest Rate Differential - The hidden cost of low interest rates.

Whatever happened to 3 months interest penalties?

We all know that interest rates are still at record lows, but how do you take advantage if you are currently in a fixed rate mortgage contract?  I'm sure you have heard horror stories of people being charged ten thousand dollars in penalties to break their mortgage contract - even as high...

You are no doubt asking yourself, is there such a thing as “good debt”?  The answer is emphatically YES and it is important to know the difference between the two.  In actuality, when used intelligently, debt can be of tremendous assistance.  So – if you are not sure, how can you tell which kind of debt you have? 

Being debt-free is a long term goal for many Canadians.  Many of us though, don’t have a plan to ensure that we remain focused on debt repayment in order to meet our goal of being debt-free by a specific age.  A recent CIBC poll conducted by Harris-Decima found that, on average, “Canadians tend to believe they will be debt-free within approximately...