On October 10, 2024, Canada reached a historic milestone by passing the National Medicare Legislation, a major step towards ensuring equitable access to essential medicines across the country. This landmark decision addresses long-standing gaps in prescription drug coverage and moves Canada closer to a universal, single-payer drug care system. Here’s what this means for Canadians, … Read more
Good news for borrowers! The Reserve Bank made a significant announcement yesterday, lowering the Official Cash Rate (OCR) by 25 basis points to 5.25%. The move signals a change in monetary policy that could provide much-needed relief to those suffering the consequences of rising mortgage payments. What this means for your mortgage Following the OCR … Read more
Yesterday, the Reserve Bank took the decision to cut the official cash rate (OCR) by 50 basis points, bringing it down to 4.75%. But what does this mean for you, as a homeowner or someone looking to buy? Let’s break it down. Why was OCR removed? The Reserve Bank reduces the OCR when it wants … Read more