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S&P Downgrades BC's Credit Rating, Province Remains on Par with Saskatchewan as Highest Rated
British Columbia's credit rating was recently downgraded by S&P Global Ratings from AA+ to AA, largely due to the province's 2023 budget.
Bank of Canada Maintains Overnight Rate
The Bank of Canada today decided to leave the overnight lending rate unchanged at 4.5% and signalled a continuation of quantitative tightening.
Government of Canada Releases $491B Budget, Deficit Projected at $40B
The budget projects program spending to reach nearly $491 billion in the next fiscal year, along with the deficit set to reach $40 billion.
Fed Hikes Rates by 25bps, Gives US Banking Assurances
The Federal Reserve raised its benchmark interest rate today (March 22, 2023) by 25 basis points in response to growing concerns about elevated inflation and an overheating economy.
Laddered Bond Strategy
Most investors want to earn more from their cash. For those seeking a higher return while minimizing risk, one option is a laddered bond strategy.
An Update Regarding The U.S. Banking System
What we have done and what we are doing to provide assurances.