In what is an unexpected result from the spread of the coronavirus, mortgage rates are somehow being pushed down. Apparently fear and worry over the virus is causing buyers to buy up bonds, which in result is causing cheaper borrowing for home buyers

 

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More financial news, the new changes to the federal income tax will lift the non-taxable income for all Canadians from a maximum of the first $12,300 earned, to the first $15,000 earned. According to the parliamentary budget office, this cost the government $2.6 billion more than reported, and the top earners will likely benefit most. 

GUEST: Rubina Ahmed-Haq, 640 Toronto Personal Finance Expert