Government Debt is a Risk for Canadians
Government debt is a financial risk that affects us all, writes Peter Watson. Will the mountain of federal and provincial debt cause Canada to go into a financial tailspin? Let’s consider the facts. The recent federal budget projected a deficit of $40 billion. This will add to our debt which is already over $1 trillion. […]
Government Actions Will Improve Our Personal Finances
Government incentives to Honda are a win for Ontarians, writes Peter Watson. Significant financial incentives have been given to Honda to ensure electric cars and batteries are built in Ontario. Electric cars are the future. There will be direct and indirect financial benefits ranging from jobs created and eventually taxes collected because of this new […]
Bank of Canada Issues Financial Warning
The Bank of Canada issues a warning about our financial health, writes Peter Watson. Several warning signs indicate the financial prosperity of people living in Ontario will decline. Canada needs to Improve productivity by increasing investments in machinery, equipment, and intellectual property. A senior Bank of Canada official said last week that we have reached […]
The Worst Financial Event of 2023
It’s time to consider how the Bank of Canada (BOC) accomplishes its mandate, writes Peter Watson. According to its website, its main role is “to promote the economic and financial welfare of Canada.” That is a very important task and I strongly agree with its mandate. The problem is the way this policy is implemented. […]
Canada’s Financial “Tug of War”
The Bank of Canada and Canadian Parliament have conflicting strategies to manage our economy, writes Peter Watson. There is a financial tug-of-war that occurs when managing the Canadian economy. Covid invaded North America and economic activity in many areas came to a screeching halt or at least slowed down. We were at a financial breaking […]
Bank of Canada Increases Interest Rates Again
Managing personal finances just got more difficult, writes Peter Watson. Another significant interest rate hike was just announced by the Bank of Canada. The most recent rate increase was three quarters of one per cent. The Bank of Canada is determined to reduce the annual inflation rate to the target of two per cent. This […]
It’s official… Bank of Canada has finally boosted interest rates
It is official. The most anticipated increase in interest rates has finally occurred. Last week for the first time in seven years the Bank of Canada increased its overnight interest rate from half of one per cent to three quarters of one per cent. This is significant to all of us because interest rates rise […]