Irene Meyer

The Bank of Canada has lowered its key interest rate by 25 basis points for the first time since March to 2.5%, responding to signs of slowing economic momentum and easing pressures in core indicators. What does this mean for you? 🏡    Variable rates:  With the policy rate reduced, you may see a decrease in your mortgage payments, providing some relief for your budget and potentially freeing up cash flow. Now is a great time to revisit your financial goals.    Fixed rates:  Fixed rates are influenced by bond yields, which can shift as new economic data emerges. Connect with your CIBC advisor to discuss your mortgage options and stay up to date on market trends.    Our stance is that the economy is losing resilience and inflation will continue to be contained by the elevated unemployment rate and removal of retaliatory tariffs. Because of this, CIBC Economics see further cuts coming in October.    Read the full report at: https://lnkd.in/e5nnHTM4     #BankOfCanada #InterestRates 

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When children learn about money concepts early on, they gain the skills and confidence to make informed decisions when the time comes. That’s why we are pleased to share that CIBC Private Wealth / Gestion privée CIBC will be the exclusive sponsor for Extra Ed Inc, a social enterprise offering educational programs across the Greater Toronto Area (GTA).    The programs offered by Extra Ed are designed to be interactive and to teach students financial understanding at a young age, including an introduction to financial products and decision-making skills.​ Our sponsorship will support after-school and financial literacy programs in this upcoming school year.  This new partnership reflects CIBC Private Wealth’s commitment to building stronger, more financially resilient communities – starting with children and extending to the families who support them. By investing in early financial education, we are helping to lay the groundwork for a future where informed, confident decision-making is a shared value passed from one generation to the next.

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🚀 Calgary isn’t just attracting business — it’s accelerating it. As Canada’s largest credit union, we are proud to partner with businesses of all sizes — offering personalized advice, financial tools, and deep insight into Alberta’s economic landscape. Allison Dowhanik, VP of Commercial Markets at Servus Credit Union, recently shared what’s fueling business confidence in Calgary and why the city is emerging as one of Canada’s most competitive places to grow a business. 💬 “Calgarians get things done — we are high on initiative, and we live in one of the most beautiful locations in the world,” says Allison. From accessing capital to a deep talent pool and entrepreneurial mindset, Calgary is setting the pace for business growth and Servus is proud to be part of that momentum. 🔗 Read the full interview: https://ow.ly/kf4b50X2X2e

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Big 5 Bank Profits Through The Roof But Canadian Economy Officials Terrible: Make It Make Sense Banks beat all profit expectations in their 3rd Quarters as Canadian GDP contracted 1.6% How's that possible? Because banks don't reflect ordinary people's lives at all The Bank 5 Canadian Banks are not necessarily even that Canadian anymore, several have huge US & International components And today Big Banks represent the upper echelons of income earners & those with assets, not the bulk of people who just get by paycheck to paycheck In addition to operating beyond Canada, the Big 5 Banks are so diversified in product mix - Lending profits down? Wealth Management profit up - Defaults rise? Market Trading profits soar - Credit Card non-payment increases? Capital Markets profits jump Sum it up: Banks win And maybe that's not a bad thing, no one wants a teetering banking sector But the contrast between Big Banks & the real Canadian economy is becoming huge Today's Announcement: GDP fell 1.6% Early signs of growing Unemployment There are zero positive economic indicators Are the Big Banks immune to a shrinking Canadian economy? Not totally But Big Banks quiet shift for many years away from Business Lending to Boomer Wealth, Cap Markets, Residential Mortgages (with Government supports) means they are divorced from the troubles of ordinary people - Ron Call Butler Mortgage TODAY for more information and insight into this ever-changing market! We are here to help! 1-877-568-9255

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