Your financial literacy may be the problem

Literacy is more than just knowing the alphabet. It’s more than reading one word strung together to make a sentence. Literacy is about your reading comprehension of the piece as a whole and broken up into chapters, paragraphs, sentences and words. It’s about your confidence and understanding. The same goes for financial literacy. Financial literacy […]

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Ever Wonder What the Bank of Canada’s Role Regarding Monetary Policy Is?

Monetary Policy Learn about the objective of Canada’s monetary policy and the main instruments used to implement it: the inflation-control target and the flexible exchange rate. See also how monetary policy works, how decisions are made and related backgrounders. The Objective The objective of monetary policy is to preserve the value of money by keeping inflation low, stable and predictable. This allows Canadians to make […]

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Student Life: Save More, Have Less Debt

Because it is excruciatingly and increasingly hard to make ends meet while in college and university, student debt is on the rise in Canada. Across the Canadian provinces in 2015 for instance, the share of insolvent debtors under 30 hovered around 10 per cent in 2015, according to data from Statistics Canada. Of those statistics, student […]

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