All posts in Finance

Drowning in Debt: Canada’s Consumer Debt Crisis

By Editorial Staff 11 May, 2024 Finance

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Mark and Emily, a young couple in Vancouver, had a dream of owning their own home. They worked hard, saved diligently, and finally got a mortgage – but it came with a hefty price tag. Credit card bills piled up as they tried to furnish their new place, car payments were unavoidable, and the occasional […]

The Bank of Canada: Guardian of Canada’s Economy

By Editorial Staff 29 Apr, 2024 Finance

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What is the Bank of Canada? Canada’s central bank, responsible for the nation’s monetary policy, issuing banknotes, promoting a sound financial system, and managing government funds. Established in 1934 by the Bank of Canada Act. A Crown corporation, owned by the federal government but operating independently in its decision-making. Headquartered in Ottawa, Ontario. Key Functions […]