March 28 roundup - MoneySense

March 28 roundup

On the end of cheap mortgages, Mitt Romney style tax breaks for everyone and a B.C. payday lender fined for overcharging clients.


•The end is near for cheap mortgages in Canada, according to a new analysis. Rates are poised to climb steadily thanks to the strengthening bond market.

•Would you take advantage of Mitt Romney style tax breaks if you had the opportunity? Personal finance expert Bryan Borzykowski says we could all stand to be a bit like the Republican presidential candidate. If you invest your money wisely, and with taxes in mind, you could pay as little as 20% on your investment returns, he says.

•A B.C. payday lender has been fined for charging illegal rates. The lender will have to refund millions of dollars that were charged to its customers between Nov. 1, 2009 and October 2010. The company was charging anywhere from $7 to $21 above the legal limit per loan.