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Bank of Canada increases benchmark rate

As many economists expected, the Bank of Canada announced today that it is increasing the overnight rate .25 per cent, the fourth increase since last summer, given strong economic improvements. The economy and job market are performing well, housing is beginning to stabilize, oil prices have gone up, exports are strong and businesses are spending. The Bank also wants to keep inflation near target. The Bank “will continue to take a gradual approach” to further increases and is certainly watching the affect of ongoing tariff disputes and the “economy’s adjustment to higher interest rates.”

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Parker Kump
Featured Recipe: Restaurant Style Coleslaw

Combine the coleslaw and onion in a large bowl.

 In a separate bowl, combine the sugar, salt, pepper, milk, mayonnaise, buttermilk, vinegar and lemon juice; mix until smooth. Pour mixture over the coleslaw and onion; stir well and chill for 1 hour.

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Parker Kump
Who Needs Life Insurance? 10 Ways You Can Use Life Insurance

Life insurance is one of those things people hate to take about, but their loved ones will wish they did when the time comes.  Death is imminent.  Most of us will live well into our senior years, but unfortunately the reality is that some will not.  Life is unpredictable and when the unexpected happens you want to make sure that your family is not left with a burden far beyond the grief of losing a loved one.   

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Parker Kump
Welcome Alejandra Garcia to the Everything Financial Team

Alejandra was born in Venezuela, where she lived for 15 years before moving to Mexico City and then to Canada in 2013. Alejandra completed the CFP Strategic Investment Planning Course in 2017 and obtained her Bachelor of Business Administration Degree with a major in Financial Services in 2018.  Alejandra is currently in the process of obtaining her LLQP Life License. In her free time, Alejandra enjoys taking on art projects such as drawing and painting.

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Parker Kump
Everything Financial Charity Golf Tournament: Alina

Five-year-old Alina has been battling a brain tumour her whole life. At only 18 months old, doctors diagnosed the tumour and Alina underwent two brain surgeries to try to remove the cancer. While the surgery helped save her life, doctors were only able to remove half the tumour, and the procedure left her completely blind. Despite the new disability, her parents say the tumour would have killed her within months without the operation.

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Parker Kump
Client Appreciation Party 2018

Our Client Appreciation Party was a hit! We hope our Everything Financial family had as much fun as we did hosting this amazing event. 

We look forward to seeing all of you, and many more, at our annual Client Appreciation Party next year!

Here are some of our favourite moments from this year's event.

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What is the Qualifying Rate?

You’re probably aware that there have been many mortgage rule changes over the last several years, and you’re almost certainly affected whether you’re an existing homeowner or first-time buyer. These rules are designed to ensure a stable long-term housing market, and to make sure Canadians can handle their debt should rates begin to rise.

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No Bank of Canada Rate Change

The Bank of Canada announced today that it is holding the overnight rate steady, again citing escalating geopolitical and trade conflict risks, which are undermining the global expansion. The Bank also noted that in Canada, the response to the strict qualifying guidelines that went into effect January 1 slowed first quarter growth. The next rate-setting day is Wednesday, May 30.

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Morning Radio Show

Every morning at 6:45am Peter can be heard on TSN 1040 with Bro Jake and Dave Pratt during his segment called “Business Update with Peter Cishecki”.  Peter covers various business topics including issues that arise from his day to day interaction with new and existing clients.

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Everything Financial Group
TFSA Limits

TFSAs are an excellent way to deflect tax. The annual maximum contribution to a TFSA was $5,000 from 2009 – 2012 and increased to $10,000 for 2015; $5,500 for 2016 and beyond. The contribution room by 2017 is therefore $52,000 per person (over age 18).

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Everything Financial Group