WEALTH Matters — SUMMER 2010

INTEREST RATE UPDATE

Canadian GIC rates continued to rise slowly in the second quarter for all terms. The chart shows rates for 1 to 5 year terms at various times over the past two years.

 

The Bank of Canada raised its benchmark rate by one-quarter percent in the second quarter, and has signalled that it will make a further increase in the third quarter. Central banks in Australia and several other countries whose economies are showing signs of strength have also made increases.

Page and Associates ltd:

Phone:    905-884-5563

Fax:         905-884-3365

E-mail:     experience@askpage.com

E-mail this page to a friend

Click here to send your friend or friends a link to this newsletter. Otherwise they’ll have to subscribe for themselves, or wait 3 months to see it in our back issues.

Mutual Funds and Segregated funds provided by Fund Companies offered through

Worldsource Financial Management Inc. sponsoring mutual fund dealer.

All other services provided by Page and Associates Ltd.

Resources

Newsletters

Financial Strategies

Our Team

Our Service

About Us

Home

Resources on financial planning and investment management, including today's best GIC rates, access to your account online, links to a variety of web-based resources.Subscribe to our financial planning newsletter, or read articles from past issues.Read about a variety of financial planning and investment management strategies.Meet the members of the Page and Associates financial planning and investment management team.Find out how Page and Associates can help you plan your financial future.An overview of Page and Associates' history.Home page of the Page and Associates website.

Such increases signal to the borrowing public that they should be cautious about taking on too much debt, which may become difficult to carry as interest rates move back toward more typical levels. The government must balance this with the risk of choking off economic recovery by increasing rates too quickly, and the risk of boosting the value of the Canadian Dollar too quickly, which would make our exports less competitive. The Dollar has lost some ground in the quarter against the US dollar, and employment growth has been steady, setting the stage for the third-quarter rate increase to go ahead.

disabled canadians can receive $90,000 in Grants

Investment Market COMMENTARY

INterest rate UPDATE

investing in Bonds

New issues of our quarterly newsletter are only available by subscription. As a subscriber, you have our permission to pass a copy of the current issue or web links to family and friends.

After three months, we add the most recent issue to our online catalog of back-issues, reproduced in the Newsletters section of this website.

Here are the articles in the current edition. Just click the article names to view each one.

My Account | Testimonials | Contact Us | Legal