Interest Rates

8 common fees and how to avoid them

Wealthy people achieve their wealth in many different ways, but typically, those who maintain it stay wealthy for a reason: They do not spend any …

Personal Finance

Five things to look out for in the global economy this week

This will be a quiet week for finance, if a noisy one for politics. It is a short week for the markets, with Monday a holiday in both the US and UK, …

World Economy

Borrowers warned to brace for across-the-board mortgage rate increases

Despite official interest rates being on hold at an historic low of 1.5 per cent since August 2016, mortgage rates have been rising over that …

Mortgages

June Rate Hike? Not Likely - Here's How You Should Be Invested

The Fed's May minutes speak to a healthy economy.<p>Yet nearly every piece of consumer data tells a different story.<p>Raise interest rates and the Fed …

Federal Reserve

Habits To Help You Build A Fortune On A Small Salary

Many of us assume that if you have a small or average salary, you cannot build a wealth out of it. Nevertheless, have you hear about ‘it’s not how …

Wealth

Just A Few Hikes Away From -7.5%

I don't like bonds and I especially don't like intermediate term government bonds.<p>You don't need a crystal ball to come to the conclusion these …

Business

'Invest In Infrastructure While Interest Rates Are Low' Is A Flawed Argument

The above is a popular idea, backed by any number of professional economists. In fact, I don't know of a professional economist who questions the …

Business

Heading to college in the fall? Here's why you'll need a bigger piggybank.

If you're heading off to college, prepare to dig a little deeper into your pockets. Borrowing money to pay for higher education is becoming more expensive.<p>In July, interest rates will climb on the federal loans students take on to pay for college this fall. Rates on undergraduate Stafford loans are …

Mortgages

Canada home prices not coming down yet thanks to low rates: Reuters poll

(Reuters) - Efforts to rein in Toronto's hot housing market and recent problems at mortgage lender Home Capital are unlikely to hurt Canada's …

Mortgages

General Election 2017: Jeremy Corbyn's Labour party spending plans add up on paper, but that won't translate to the real world

Of the two main manifestos published last week, the Labour one seemed the more popular. Many voters are susceptible to being bribed with other …

Economics

Mark Siffin - Chairman and Chief Executive Officer of the Maefield

The advice I’d give to my younger self is that one should always be empathetic, thoughtful<p>Mark Siffin is the Chairman and Chief Executive Officer of …

CEOs

Fed ties rate hike to economic rebound, sees balance sheet cuts in 2017

U.S. Federal Reserve policymakers agreed they should hold off on raising interest rates until they see evidence that a recent economic slowdown was transitory, minutes from their last policy meeting showed on Wednesday.<p>Nearly all policymakers at the May 2-3 meeting also said they favored starting …

United States

Low interest rates see profits slump at Nationwide

The mutual said protecting savers from rock-bottom interest rates helped see its membership soar to a record 15 million.<p>Building society Nationwide …

Mortgages

A 10% hike to mortgage payments would sink almost 3 quarters of homeowners, Manulife says

Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 …

Mortgages

What if property isn’t as expensive as we think?

Put down those smashed avocados and grab your pitchforks. Warm up the tar and gather the feathers. I'm about to suggest something that may well see …

Mortgages

Labour spending spree would boost UK growth but keep debt high, economists say

Britain’s economy will stay on the straight and narrow if the Conservatives win the election, with steady, modest growth and a falling debt burden, economists believe, while Labour would boost growth in the short term with a spending spree - but also keep debt at high levels.<p>However, in the longer …

Business (UK)

Raising interest rates shakes markets, disturbs business community

Egypt’s Ministry of Finance diversifies the sources of financing the budget deficit from the domestic and international markets, as borrowing from …

Ministry of Finance

Investors believe raising interest rate is wrong, expert says it could control the economic situation

<b></b>The Monetary Policy Committee (MPC) announced on Sunday raising the discount rate by 2%, reaching 17.25%.In addition, the overnight deposit rate, …

International Monetary Fund

ConEd: An Excellent Utility - Time To Sell Or A Trump Insurance Policy?

ConEd has outperformed the S&P500 so far this year, is trading close to its all-time high, and at a premium to peers.<p>Recently the company has …

Stocks

Fast Asia Open: New Zealand trade, Thailand interest rates

The UK government has raised its terror threat level to critical for only the third time following an attack in Manchester on Monday night that …

New Zealand

Banks tend to maintain interest rates unchanged despite CBE’s 2% hike

There is a strong tendency inside banks operating in the Egyptian market to keep their interest rates unchanged, despite the Central Bank of Egypt’s …

Finance

2 Things All Fixed Income Investors Need to Know

Do you know the risks involved with bond investing, or how interest rates can affect your investments?<p>Most investors understand the concept of …

Business

Why Rate Increase Is No Answer to 30 Percent Inflation in Egypt - Bloomberg

Egypt’s central bank is likely to hold interest rates on Sunday, even with inflation still soaring after the removal of currency controls last …

International Monetary Fund

How to Use Bond Ladders for Retirement Income

To build a bond ladder, you purchase bonds (individual bonds not bond funds) in your account so that the maturity dates of the bonds are staggered, …

Investing

There’s a major miscalculation behind the Fed’s interest rate hikes

Federal Reserve officials are committed to being "data-dependent" in assessing what to do with US interest rates, but it's not always clear what data they're watching.<p>The central bank's mandate is low, stable inflation and maximum employment, and Fed officials monitor a range of indicators to …

Business

How Rising Interest Rates and Inflation Affect Bonds

Most people understand the general idea behind bonds, and having some exposure to bonds in your portfolio should help reduce volatility if the stock …

Bond Market

3 tips for landing the lowest mortgage rate

Buying a house can be difficult, but finding a low mortgage rate can be even harder. This article outlines 3 tips for landing the lowest mortgage …

Mortgages

A Split Outlook for Bank ETFs (XLF)

The Financial Select Sector SPDR (XLF), the largest exchange-traded fund (ETF) tracking the financial services sector, is off 2.1 percent over the …

Finance

How dividends came to dominate our investment portfolios

After housing, the hottest thing in personal finance is dividend stocks.<p>Even as interest rates remain stuck near historical lows, the amount of investment income received by Canadians has surged in recent years. You can thank dividends for that. More and more, they’re the go-to vehicle for retirees …

Finance

Online savings accounts are raising rates. Big banks aren't.

More<p>If you’ve been wondering when the Federal Reserve’s two most recent interest rate increases were going to trickle down to your savings account, …

Banking