It’s Crazy How Many Americans Have No Clue What Rising Interest Rates Are Doing To Their Investments

According to a new study by Edward Jones, one of the country’s biggest retail brokerages, 63% of Americans don’t know how rising interest rates will affect their retirement portfolios – their 401(k)s, IRAs, et al. – and 24% say they feel completely in the dark about what rising interest rates mean.

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City council approves 6.76 per cent tax increase

The median home owner will pay $150 more a year for taxes and commercial property owners $328 more in 2013 than they did in 2012.

On May 5, council unanimously agreed to increase the tax rate bylaw, which will see an overall 6.76 per cent increase in taxes for the average single-family homeowner, an 8.22 per cent increase for industrial properties and 9.85 per cent for commercial space.

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Building permits rise 25 per cent

The number of building permits for residential construction increased in February compared to the same month last year, although the total value declined, says the City of Calgary.

Including things such as renovations, there were 984 permits for residential construction in February, up 25 per cent from 789 permits during the same month last year.

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