Darcy Schanck Financial has created a great video on RRSP's for Canadians

New author Mr. Darcy Schanck has created a very applicable common sense guide to RRSP's.

Watch here http://youtu.be/wkrDwlk7bDQ

How To Lower Debt Payments

Homes in Canada are continuing to rise in value this year with an average house listing price gain of 0.08 to $391,820 according to The Canadian Real Estate Association.

This shows that people are building on value in their homes rather than using it to pay off "Bad Debt faster while increasing their lifestyle".  

There are some things to be avoided says Mr Schanck "After you consolidate your debts you should not continue to hold a balance on the high rate cards again".

Some helpful tips:

• Lower your limit to to a budget able amount
• Or simply get rid of your highest interest cards

"A few cards have an rate of interest of more than 20%+, which in my opinion should never be used" states Mr. Schanck. 

DMTN220 - Reopening

This bond settled on October 24, 2014:

• a CAD800 million Domestic bond reopening with a 3.45% coupon and a maturity date of June 2, 2045.