The Bank of Canada (BoC) increased its policy interest rate by a full percentage point on July 13, 2022. It was the fourth increase to the overnight rate this year and the largest since 1998.

Inflation is the measure of the rising price of certain goods and services. Statistics Canada measures it from month to month, based on a basket of goods that represents what a typical consumer would normally purchase.

A Licensed Insolvency Trustee (LIT) is an insolvency professional who has been licensed by the Superintendent of Bankruptcy in Canada to help individuals and businesses who are having difficulty paying their debt, administer Consumer Proposals and Bankruptcies and manage assets held in trust.

Household overspending is one of the most common causes of financial insolvency. It’s also one of the easiest to overlook. Overspending tends to creep up slowly and camouflage itself as a different kind of financial challenge. But once you know the symptoms, they’re almost impossible to ignore. You can eliminate overspending almost entirely by introducing just three straightforward techniques.

Paying off your credit card debt can be very challenging but possible if you know the right steps to take.

The holiday season is a time to make memories with your loved ones, but your finances may limit you from going all out. Here are ideas for enjoying the season on a tight budget.

The holidays are a time to eat, drink and be merry! But the pressure to celebrate the season can easily send your finances into the red for months. The desire to do the holidays in a big way could see your spending get carried away! There are plenty of ways to enjoy the season without blowing your budget and making the new year financially difficult.

Cost of living trends in Southern Alberta

A mortgage rate lock helps you to reduce your overall debt if you know how to take advantage of it. Here’s what you can do.

Here are three common misconceptions our firm has encountered about consumer proposals.