We’re Back! It’s a new year and there has been much anticipation on the long awaited first interest rate announcment of 2023. Today the Bank of Canada announced its decision on the target for the overnight rate and published its quarterly Monetary Policy Report which presents the Bank’s risk assessments and projections for both inflation […]
Edmonton Mortgage News
Groundhog Day?! Bank of Canada Announcement
February 2nd, may have come and gone with Punxsutawney Phil not seeing his shadow earlier this year, forcasting an early spring. But the fun beloved tradition of the weather predicting animal was obviously wrong. Based on today’s Bank of Canada interest rate annountment increasing the key lending rate, it feels like Groundhog Day, where we […]
On The Sidelines
On the sidelines. Sitting by powerlessly, observing your beloved team get hammered by the opponents. Whether you’ve participated in games of any kind as a player or a spectator, you know how it feels. Shock, confusion, disbelief, anxiety, helplessness, and even anger over the loss is normal. Any range of emotions is understandable and even […]
The Winning Position
Chess. Love it or hate it, the game with sixty-four squares has been played for centuries by people of all classes and social statuses beginning with nobles, and diplomates, and eventually gaining accessibility and popularity amongst the general population. With each player beginning with sixteen pieces (one King, one Queen, two Rooks, two Bishops, two […]
The Elephant in the Room
If anyone thought the end of the pandemic would bring a return to economic normalcy, 2022 has certainly been surprising. In fact, “elephant in the room” seems to be a fitting expression for the current state of affairs (we’ll explain more on this later, keep reading). As inflation is at the forefront of most consumers’ […]