Canada doesn’t offer it for one reason. A rule under the bank act. If you sign for more than 5 years, after 5 years you can break the mortgage and only pay 3 months interest instead of the interest rate differential.
I was wrong.
I stated that Canada doesn’t offer 25 yr mortgages.
They apparently do.
I’m not talking about amortization periods.
Actual mortgages.
RBC offers it.
At 11.9% interest!
INSANE
I just sold my long-term holdings.
Going to retire mother in a few months on her birthday, an opportunity that one cannot just pass up after seeing everything my mother has done for me in my life.
The money in your broker isn't worth anything until you withdraw & better your life not only for yourself but for the ones you love.
Who knows how much further the market can continue to march higher, but I see more downside risk to the market than upside, which makes me feel comfortable taking my gains off the table here.
Hope one day everyone can do the same for the ones they love.
Truthfully this would be a great thing. Canada is owned by oligopolies in banking, telecommunications, railways etc.
More competition for Canadians would be the best outcome for everyone.
Great observation here.
Now it seems Trump has been focused on US banks not being allowed in Canada.
Perhaps this is the only off-ramp for tariffs in Canada.
Frankly, increasing competition in the Canadian banking sector would be a reasonable outcome for Canada.
Pretty crazy how many of the cabinet nominees and new members of Congress hold Rumble stock, $RUM.
Here are our estimates for how much they hold.
Senator Dave McCormick: $3,000,000
Howard Lutnick: $3,000,000
Representative Brandon Gill: $407,000
Tulsi Gabbard: $65,000
JD Vance: $175,000
Kash Patel: $8,000
We had never seen any member of Congress holding Rumble stock until now.
Weekly $XYZ chart looking for a breakout. This thing got crazy upside potential. Setting up nicely with declining volume. If we can close nicely into end of week, I’d expect it at $100 by next week imo.
#Meta trade recap. Yellow line at ATHs. We broke intra day came back and re-tested. Easy A+ trade, ran all day and continuing to run. Simple as bruv entry.
🟢+$11,343.31
My best week yet. I show up to the markets every single day and give it everything I’ve got. Over the past 3years, I've had my share of ups and downs, and there were plenty of moments when I thought about giving up. Those who’ve been with me from the start know just how much I struggled along the way. But now, after almost 4 years , I’m finally starting to see the results of my work. I'm really excited for what the rest of the year holds, and I feel like I've been completely locked in the past few months. 👊
$SPY $MSFT $AAPL $NVDA $QQQ $META $SPX $GOOGL
Top swing 💡. #MSFT held a nice double bottom. It has broken the neckline and now going back to re-test, old resistance into support. Also pair it with nice daily wicks, it appears buyers are stepping in.
Choosing the 1st trader (out of 5) who I’ll be trading the next 1k to 100k challenge that starts on September 1st
RT & like to enter (must be following so I can DM winner)
GL, Winner will be picked on Sunday 💵
$OXY setting up amazing. Nice break of the trend, starting to turn green. Perfect pull back today, on low vol. Watching closely to see if we get a break and retest. Will be slowly building swing position. Aug 16, 65s look intriguing.