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moneysense.ca, 6/03/13


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Stabilizing debt

BoC Governor Mark Carney appears to have put the risk of a housing bubble behind him.

By MoneySense staff | Online only, 6/03/13

Tags: home renovation, household debt, retirement

Current issue:

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  • The Bank of Canada issued a statement Wednesday announcing its intention to keep interest rates a present levels for some time yet, partly because it expects debt-to-income ratios will stabilize.
  • The 4% rule—which says you can withdraw 4% of your retirement fund every year and not run out of money—was fun while it lasted but it doesn’t necessarily apply to recent retirees.
  • Planning a home renovation? Here’s a look at energy efficient programs and financial incentives in Ontario, Newfoundland and Alberta, with provinces to come.
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moneysense.ca, 6/03/13

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