I have a somewhat poignant video to share this week: an interview with Gordon Murray, co-author of the upcoming book The Investment Answer. Mr. Murray, a long-time Wall Street insider started writing the book after learning he had terminal cancer. The book offers average people a framework for implementing their investment program. Mr. Murray passed away last week.
The Bank of Canada decided this week to keep interest rates steady at 1 percent. The Bank noted that it will “carefully consider” any further increases in interest rates. The Prime rate to which variable rate mortgages and lines of credit are tied to remains at 3 percent.