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Charles Ellis, the author of Winning the Loser’s Game, explains in the following video why he thinks indexing is an appropriate strategy for pretty much every investor out there.
The Bank of Canada decided to increase interest rates by 1/4 percent this week. In the statement accompanying its interest rate decision, the Bank noted the “unusual uncertainty” surrounding its economic outlook. The chartered banks increased the Prime Interest Rate to which consumer loans and variable-rate mortgages are linked to 3 percent.