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Interest rate trajectory will depend heavily on housing market, BoC deputy says

There are some signs that Canada’s hottest housing markets have already begun to cool in response to rising interest rates.Evan Buhler/The Canadian Press The Bank of Canada needs to keep raising interest rates to tackle runaway inflation, deputy governor Toni Gravelle said on Thursday – although how high rates go will depend on how the […]

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Personal Finance

The Only States That Teach Personal Finance (and What You’ll Have to Teach Kids Yourself)

photo: worawit_j (Shutterstock) Recently, Georgia became the 13th state in the country to mandate personal finance education for high school students. According to Next Gen Personal FinanceGeorgia joins Alabama, Florida, Iowa, Mississippi, Missouri, Nebraska, North Carolina, Rhode Island, Ohio, Tennessee, Utah, and Virginia in requiring teens to take at least one semester of personal finance […]

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Personal Finance

Kiplinger’s Personal Finance: Why you should put your credit reports on ice | businessnews

A credit freeze is the most effective way to prevent certain types of identity theft. When your credit report is frozen, lenders can’t view it in response to an application for new credit, so a criminal who tries to open a loan or credit card in your name is unlikely to succeed. The case for […]

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Personal Finance

Kiplinger’s Personal Finance: Don’t fall for that life insurance ad on TV | businessnews

It’s a scenario that John Buenger encounters all too often at his independent insurance agency. People see an ad for life insurance on TV, but when they ask for more details, the policy isn’t what they expected. “The fine print on these ads goes by so quickly that when people call in to get more […]