Should you delay your OAS pension?
Last summer, Old Age Security (OAS) benefits permanently increased for the first time in almost 50 years. The payment increase is 10% and applies to seniors aged 75 and older. This increase gets a further boost when seniors delay starting their OAS benefits. Monthly payments increase by 0.6% for each month you delay payments beyond […]
Short-Term Pain, Long-Term Gain
The October U.S. CPI, as reported at an annualized rate below 4%, leads to some hope that the Fed’s hiking has been effective, and rates are close to terminal. Investors have re-priced terminal Fed Funds rates throughout the year, from as low as 2% to most recently 5%. The current CPI details reveal that prices […]
Fighting Inflation with Crucial Rate Conditions
The Bank of Canada and US Federal Reserve hiked interest rates this year. Many hoped that this aggressive move would cool inflation. However, this did not prove to be the case. So why haven’t higher rates done enough to fight inflation, and what’s expected in the months to come? The Results of Aggressive Interest Rate […]