GRIMSBY LEGION

PURE INGREDIENTS/UNDILUTED:

Our essential oils are highly concentrated and free of synthetic ingredients, delivering the very best benefits of the source of the plants, fruits, seeds, flowers, bark, stems, roots, or leaves from which they come.

Where’s my Magic 8 Ball™?!

One of the most influential economists of the 20th century, John Kenneth Galbraith, once remarked that “The only function of economic forecasting is to make astrology look respectable.” Scottish novelist and historian, James Buchan, is credited with saying that “Economists, like royal children, are not punished for their errors.”

Despite all the ridicule, economists are still in demand by businesses, governments, and investors who prefer a bad forecast to no forecast, for the simple reason that, even a wrong forecast provides insight into the behaviour of the economy, which in turn, helps investors and borrowers recalibrate their decisions relating to money.

Everything that is unfolding now in the economy, in financial markets, and with respect to monetary policy-making, is affecting how much homeowners will pay in interest on their mortgages.

The mortgage rate for a fixed-rate mortgage is influenced by the central bank bond yields and broader changes in the bond market. Understanding what drives these factors can help you understand a bit better the interest rates you are paying now, and what rates you could be paying in future.

MULTI-USE/BENEFITS: Aromatherapy is an ancient and time-honored tradition. Can be used in diffusers to breathe fresh air into a room or to enjoy aromas that relax or stimulate your mind. Melt away stress and tension in an instant with a simple drop.

Financial experts claim that the 5-year bond rates can generally provide some insight into where fixed rates may be heading. For instance, if the 5-year bond yields are edging higher, fixed rates may mimic this trend.

Averaging the latest interest-rate and bond-yield forecasts from the Big 6 banks, one more quarter-point hike is forecasted for 2023. The good news, however, is that more investors are anticipating that the Bank of Canada will take soon take a pause, and in 2024, begin to cut rates.

As for me, I wish that I had bought shares of Mattel. And then sold them. Maybe.

Margo Wynhofen, B.A.Econ., Principal Broker