Finance news

The Bank of Canada will announce its next interest rate decision on Wednesday, October 28, 2026, and it’s shaping up to be a divisive forecast.In its September 2 announcement, the Bank has held its key rate at 2.25%. It has been so since it was cut from 2.50% in October 2025.With inflation back above 3% and energy prices elevated by the war in Iran, experts are predicting roughly 80% odds of a 0.25% hike. Several economists have changed their calls.However, Clay Jarvis, a mortgage expert at Ra

All things considered, Julia Chung had a lot working in her favour when she was tasked with settling the estates of not one, but two, uncles who died earlier this year. As a financial planner, she has more money know-how than most. And her uncles had each clearly communicated their end-of-life wishes and ensured vital information was accessible. Even still, it’s been exhausting. “When you’re experiencing grief at the same time, which I definitely have been, there were moments where I wa

If you receive the Canada Pension Plan (CPP) or Old Age Security (OAS), including the Guaranteed Income Supplement (GIS), you will get your payments from the government soon.Service Canada is issuing this month’s payments on Wednesday, October 28, 2026.Here’s what you should know about your eligibility and expected amount, per the Government of Canada.What are Canada Pension Plan (CPP) payments?The Canada Pension Plan a taxable monthly benefit that replaces part of your income after you reti