A Team of Experts
Get expert tips and guidance from a community of renown personal finance experts right here at Loans Canada. We're here to help you stay informed so you can make the best financial decisions.
How Will The Bank Of Canada’s Interest Rate Hike Affect You?
By Maidina Kadeer
Published on June 8, 2023
The interest rates set by the Bank of Canada, also known as the ‘bank rate’, is a key factor in determining the cost of borrowing money.
Announcing The Winner of Our Financial Literacy Scholarship (Summer 2023)
By Caitlin Wood
Published on May 11, 2023
We are awarding $750 to a student every semester. All you have to do is show us how financial literacy has made a difference in your life.
Why Do Millennials In Canada Carry An Average Debt Of $47K?
By Maidina Kadeer
Published on April 26, 2023
With an average debt of $47K, millennials in Canada have record high insolvencies thanks to taxes, student loans and high-interest credit.
Federal Budget 2023: Major Spending With Little Focus On Housing Crisis
By Lisa Rennie
Published on March 29, 2023
Find out how the government of Canada plans to reduce the cost of living, particularly for lower-income Canadian in the 2023 federal budget.
New Ontario Budget Offers Little Direct Relief For The Average Citizen
By Priyanka Correia
Published on March 24, 2023
The new Ontario budget is huge, but does little to help the average citizen. Find out how the Ontario government is using your tax money.
Quebec 2023 Financial Budget Explained
By Maidina Kadeer
Published on March 22, 2023
Quebec just dropped it's budget for the 2023- 2024 year. Here is everything you need to know and how it effects you.
There’s A Shortage Of Nurses In Canada And Quebec Wants To Lower Salaries For Certain Ones
By Lisa Rennie
Published on February 21, 2023
There's a shortage of nurses in Canada. While many provinces are taking steps to help nurses, Quebec is trying to lower...
Bill 53: How A Credit Freeze in Canada Might Protect Your Finances From Criminals
By Maidina Kadeer
Published on February 9, 2023
The credit freeze act applies to all businesses and lenders in Canada, however, the service is only available for Quebec residents.
Ban On Foreigners Buying Property In Canada: Will It Make Houses More Affordable?
By Mortgage Maestro
Published on February 7, 2023
Will the ban on foreigners buying property make housing affordable? Find out which foreigners are banned and how it will affect the housing market.
Mortgage Defaults Are Rising In Canada
By Mortgage Maestro
Published on January 27, 2023
Did you know mortgage defaults are rising in Canada? Find out how mortgage defaults can affect your ability to get a mortgage.
Will Home Prices Drop In 2023?
By Mortgage Maestro
Published on January 24, 2023
Home prices drop are expected to happen in early 2023. Find out how much house prices are expected to fall and if you can afford one.
Loans Canada CEO Discusses Household Debt On BNN Bloomberg
By Maidina Kadeer
Published on December 13, 2022
Scott Satov examines how the Bank of Canada's 7th consecutive raise of its overnight rate coupled with inflation has affected Canadian household debt ...
