Modern Wealth

23: Interest Rates DECLINING in Canada - July Rate Update


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EPISODE DESCRIPTION

In this episode, Tom & Brandon share today's rates, look at how the US is affecting the rates, and putting it together so it makes sense to the average Canadian.

 

What was discussed:

→ The differences between fixed and variable rates, the bond market, and the overnight prime rate.
→ The impact of inflation, unemployment rate, and the upcoming US election.
→ 5 year term averages for different types of mortgages, insured mortgages, uninsured mortgages, fixed, and variable.

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Modern WealthBy Tom Moffat


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