In March when Silicon Valley Bank, Signature Bank, and Credit Suisse closed within 3 days of one another, many were left in a panic wondering what was going on. Jeffrey Schwartz Executive Director of Consolidated Credit Canada is here to answer the important questions and put any lingering fears to rest.
Jeffrey Schwartz, Executive Director of Consolidated Credit Canada, discusses a concerning financial matter, the increasing amounts of mortgage debt held by older Canadians. Leaving the workforce with a balance still owing on your mortgage can ruin your retirement plans in a hurry. If this sounds like your household, Consolidated Credit has helped thousands of Canadians achieve financial freedom and we can help you too, contact our team today.
Transcript in attached file
Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, recently gave a speech titled, “Financial stability in times of uncertainty”. Leading an institution that can raise interest rates, means that the bank can affect everything from your mortgage to your credit cards, not to mention the entire economy. With interest rates rising to “tame” inflation, the bottom line is that mortgage costs for some Canadians have already increased. Executive Director of Consolidated Credit Canada, Jeffrey Schwartz, reacts to that and more.
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