I recently saw a TikTok in which the interviewer asked people how much their car payment was. All of the payments were between $1000 and $2000/month and many of those were amortized over 7 years. Here is the thing, every $500 in debt payment is roughly equal to   ...

When COVID hit, the Bank of Canada dropped Prime Rate very quickly and started a fast and furious process of Quantitative Easing. This was to ensure that banks and other financial institutions have access to inexpensive funds to ensure a strong, secure economy. Back in 2008, during the US Sub-Prime ...