How Interest Rates INCREASES Affect The Economy In CANADA (Fully Explained)

Рет қаралды 13,211

Күн бұрын

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Let's talk about interest rates! In this video we'll cover how interest rates work, how interest rates affect inflation and the economy! I'll aim to explain everything you need to know about interest rates in Canada & the US. We'll talk about how the Bank of Canada uses interest rates to impact inflation. As well as how the rate hikes/increases may lead us into a recession!
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Пікірлер: 30

@beaviswealth Жыл бұрын

📈📚🇨🇦 Join The Investing Academy Today - bit.ly/theinvestingacademy Thanks for watching! :D Don't forget to drop a LIKE & SUBSCRIBE if you want to learn more about financial education in Canada!

@MountainFinance Жыл бұрын

Great job Brandon, the whiteboard was a nice touch.

@zampej963 Жыл бұрын

thank you .

@beaviswealth Жыл бұрын

You’re welcome :)

@kelvinmurphy7892 Жыл бұрын

Thanks for the video

@marquiscloutier9137 Жыл бұрын

FYI… we bought our house close to 25 years ago… 6% interest rate was a deal back then! Life goes up and down, exactly like interest rates along the years. Great video Brandon!

@briguys_adventures Жыл бұрын

Nice video Bran, always take away a little nugget of info with your content Thanks

@advenvilla Жыл бұрын

Another amazing video by the man himself🙏🙏

@beaviswealth Жыл бұрын

My man!! ❤️

@realgeorgehere7123 Жыл бұрын

What’s 5 Canadian index fund to DCA until I retire?

@dyingpentas Жыл бұрын

If mortage rate is above 5%, it will be painful for Canadian housing market, which is needed, but painful...

@brucecampbell208 Жыл бұрын

Very nice video thank you for your explanation!

@Carol8693 Жыл бұрын

Great to know how interest rates work. Love your way of explaining 😀

@carolnavan4137 Жыл бұрын

Boomer here. I remember getting 11% on my savings at the same time as my variable rate mortgage was charging me 22.5% interest. Back then (early 80s) in Ireland, all available (to regular people) mortgages were variable! It doesn’t matter if the interest is high or low, bottom line is the banks ALWAYS charge more than they pay. When comparing saving rates back then to now, it’s important to look at the flip side also.

@coltukkor Жыл бұрын

Was considering investing in some ETF funds but with the GIC rates around 4.5-5% I am torn.

@ibraheemali9541 Жыл бұрын

plz clarify that policy interest rates = overnight interest rates????

@cutiecatboy Жыл бұрын

This helps a lot actually. I’ve been trying to learn about this type of stuff for a long time but I always end up sort of confused at the end of the day. Thankfully each learning experience makes it a little clearer for me so thank you for being part of that process Brandon! :)

@go514 Жыл бұрын

Life is already so sad with current interest rate, will be horrible and will not be able to live the stress if it increases

@ibraheemali9541 Жыл бұрын

great conten.....t where did you study from?

@harv83 Жыл бұрын

Big impacts on your variable mortgage rate?

@find-arka Жыл бұрын

Thanks for always putting such informative stuff! I keep on recommending your channel and "new money" to my friends. Keep up the good work buddy!

@leonoravena9526 Жыл бұрын

CD means certificate of deposit

@beaviswealth Жыл бұрын

Correct!

@SloppyPlatypus Жыл бұрын

I watched the entire video. Thanks Brandon!

@beaviswealth Жыл бұрын

You rock! Thanks man :)

@John-gq5dh Жыл бұрын

It would be interesting on seeing a video on potential bank bail ins rather then bail out which happenef during the USA financial crisis. I'm seeing more and more ppl talking about bank bail ins when they take your money as they pay individuals interest and the ppl depositing are creditors to the bank, what's your thoughts on this?

@mr.financial Жыл бұрын

Nice overview Brandon. We can all look forward to a little pain in the overall economy . Let's look at it with rose colored glasses though 😅

@teresa4565 Жыл бұрын

Once the bank increases it's lending rate, as it did today (Sept 7), how long is it before the GIC interest rates increase?

@Borkgrooming Жыл бұрын

🇨🇦

@ryanbankscpa Жыл бұрын

I completely agree with your point that we lend money to the bank when we keep in a savings account. If you don't need that money right away, I suggest you put it in a GIC right now because interest returns are high with the increases in interest rates! If you might need that money in the short-term, I suggest looking at a credit unions where their savings accounts returns are much higher than the big 5 banks!