Vs. The Banks
Over the past 2-3 years, all 4 of the Big Banks (BMO, TD, CIBC and Scotiabank) have been found guilty of overcharging clients on management fees associated with their Mutual Fund sales (see article below). The level of overcharging, misrepresenting compensation and fees, is disgraceful. Collectively, in the first quarter of 2017, the Canadian banks […]
Mortgage Insurance versus Life Insurance
Have you ever asked yourself what the difference is between mortgage insurance and life insurance? Let me tell you, the differences are great and they are something you need to know about. How does this scenario sound? You have been paying for mortgage insurance through your bank for many years, only to face a life altering […]
The Money Treadmill
With the cost to borrowing being at all time lows, you’d think that most Canadians would be paying down their debt faster than ever. That just isn’t the case. This article talks about the disturbing trend among Canadians, and hopefully will help us with our own financial decision making. Read the article here: More Canadians […]
What Oil Prices Mean for Our Province
Wade Locke suggested this past fall that Newfoundland and Labrador loses between $20 to $25 million in revenue for every dollar that oil falls below the $105/barrel that the provincial government used as an estimate. At current prices, that means we lose approximately $875 MILLION dollars. I really want a new hospital in Corner Brook, and a […]