Despite a modest rise since the start of the month, bond yields remain more than 50 basis points (0.50%) below their January peak. Since fixed mortgage rates are closely tied to bond yields, Canada’s five largest banks—BMO, CIBC, RBC, TD, and National Bank—have responded by reducing rates across multiple mortgage terms by 0.10% to 0.25%. Continue reading
Sophie Wilson
Sophie Wilson is a finance professional with a strong academic background, having studied at the University of Toronto. Her expertise in finance is complemented by a solid foundation in analytical and strategic thinking, making her a valuable asset in the financial sector.
Toronto Pearson Airport Faces Major Flight Cancellations as Massive Snowstorm Approaches GTA
Toronto Pearson Airport is gearing up for significant flight disruptions as a powerful winter storm prepares to blanket the Greater Toronto Area (GTA) with up to 25 cm of snow. Passengers flying in and out of Pearson should brace for delays and cancellations, as airlines have already begun preemptively grounding flights in response to the Continue reading
Will the Canadian Dollar Strengthen or Weaken in 2025? Key Economic and Political Factors to Watch
Over the last decade, the Canadian dollar (CAD) has been on a steady decline against the U.S. dollar (USD). On February 3, 2025, CAD dropped to just 67 cents USD, marking its lowest point since 2003. This drop coincided with the resignation of Prime Minister Justin Trudeau and was further exacerbated by the announcement of Continue reading
The Last 12 Affordable Suburbs in Australia: Where You Can Still Buy a House for Under $500,000
As property prices continue to soar across Australia, the number of capital city suburbs where homebuyers can secure a house for under $500,000 has dwindled to just twelve. However, there are still pockets of affordability for those looking to break into the market—particularly in Adelaide, Perth, and even Melbourne, where prices have stagnated. A recent Continue reading
Australians Set to Earn More and Keep More with Labor’s Expanded Tax Cuts in 2025
One year ago, the Albanese Government made a bold and strategic move—ensuring that every Australian taxpayer would receive a tax cut to ease the burden of cost-of-living pressures. Now, as we move into 2025, new figures reveal an even bigger boost to incomes, reinforcing Labor’s commitment to economic fairness. Bigger Tax Cuts Coming in July Continue reading
Westpac Slashes Home Loan Rates as Mortgage Wars Intensify – What Borrowers Need to Know
As competition among Australia’s big banks heats up, Westpac has made a bold move to attract homeowners by slashing its variable and fixed home loan rates. With the Reserve Bank of Australia (RBA) expected to cut the cash rate soon, the banking sector is preparing for a fierce battle to retain and attract customers. Here’s Continue reading
Australia’s Age Pension Set for a Major Boost in March 2025 – Here’s What You Need to Know
Millions of Australians will receive a welcome financial boost in March 2025 as the federal government indexes age pensions and other welfare payments to keep pace with inflation. With the cost of living continuing to rise, this increase ensures that pensioners and other recipients maintain their purchasing power and financial security. How Are Pension and Continue reading
Centrelink Parenting Payment February 2025: How to Claim Up to $915 and Get Paid on Time
Raising children comes with financial responsibilities, and the Centrelink Parenting Payment offers crucial assistance to eligible Australian parents. If you’re a single or partnered parent caring for a young child, you may qualify for payments of up to $915 per fortnight. This guide explains the eligibility criteria, claim process, and payment schedule to ensure you Continue reading
$1,000 Child Disability Assistance Payment in 2025: Eligibility, Payout Date & How to Ensure You Receive It
Caring for a child with a disability comes with unique challenges, and financial assistance can make a significant difference. To help carers manage additional expenses, the Australian government provides a $1,000 Child Disability Assistance Payment each year. This guide outlines everything you need to know about the 2025 payment, including eligibility, payout dates, and steps Continue reading
Centrelink Austudy in 2025: How Australian Students Can Claim Up to $699.50 Fortnightly Support
Pursuing higher education or vocational training can be financially challenging, especially for students aged 25 or older. To ease this burden, the Australian government provides Austudy, a financial support program designed to help eligible students and apprentices cover living expenses. With payments reaching up to $699.50 per fortnight, this guide explains how to claim Austudy Continue reading