Author: Connolly Capital

A seller's market has returned Real estate markets across Canada have surged in April. This is going to make CREA's data release on Monday one to watch. Stay tuned for that next week. The rumour is, the numbers are going to surprise a lot of people....

The Final Fed Hike?   The U.S Federal Reserve hiked another 25 basis points on Wednesday. Could this be the final rate hike for the foreseeable future? Most economists think so as Powell is now acknowledging some progress as the U.S labour market is coming into “balance”....

Inflation Slows to 4.30%   With lower inflation comes lower interest rates. Tiff Macklem spoke at the Parliament's Standing Committee on Finance Tuesday. "We are encouraged by the progress so far". This is the first time we have seen inflation reports that begin with a “4” since...

  Bank of Canada Holds at 4.50%   As expected, the Bank of Canada held the key rate at 4.50%. Macklem advised Canadians, "Don't plan on inflation staying high." The Bank expects CPI inflation to fall quickly to around 3% in the middle of this year and...

First Home Savings Account (FHSA) The purpose of the FHSA is to provide first time home buyers more tax benefits when saving for a down payment. You must be a first time home buyer between 18 and 71. You can save up to $8,000/year capped at $40,000 over...