What’s In This Email

• Canada’s population gets younger for the first time since 1958

• Interest rates remain steady as Canadians hope for a cut

• Thinking about relocating?

• When is the best time to book a flight?

• Notable Spotlight: Canadian Pet Expo

• Notable Plug 🔌 

✍️ TAKE NOTE

Millennials Take the Crown! Canada's Population Gets Younger

Millennials are officially the biggest generation in Canada! This is the first time since 1958 that Canada's average age has dropped, thanks to:

• A surge in immigration: More young newcomers are arriving, boosting the working-age population (15-64 year olds).

• Millennial growth: Millennials are now the largest generation, surpassing the baby boomers.

Why this matters:

• Housing competition: The influx of newcomers exacerbates the issue and puts a strain on housing affordability.

• Increased job opportunities: A larger working-age population could lead to more job creation and job competition.

• Shifting political landscape: Canada's demographics could influence future government policies.

One more:

• Interprovincial migration is on the rise, with Alberta attracting many new residents.

Read the full article here.

The Good News: Interest Rates Are Not Moving. The Bad News: Interest Rates Are Not Moving.

Homeowners, breathe a sigh of relief! …Sorta. Interest rates are expected to stay put for the next few months despite a surprisingly strong start to the 2024 economy. While rates remain steady, many Canadian homeowners hope rates drop at some point this year for some much-needed relief.

What does this mean?:

• Fixed vs. Variable Rates: There's been no change to the lowest nationally available fixed and variable rates this week. This means you can still lock in a historically low rate if you're in the market for a new home or enjoy the flexibility of a variable rate if you're renewing your existing mortgage.

• Bank of Canada on Hold: The Bank of Canada's first interest rate cut, initially expected for this summer, has likely been pushed back. The strong economic performance has caused some jitters in the bond market, which can influence fixed mortgage rates. However, for now, the Bank of Canada seems content to keep rates steady.

• Keep an Eye on the Future: While this is positive news in the short term, it's important to stay informed. The economic situation can change quickly, and future interest rate hikes are still a possibility. Here's what to watch for:

  • Inflation: If inflation picks up again this spring (as some economists predict), the Bank of Canada could be pressured to raise rates to keep prices under control.

  • Bond Yields: The five-year bond yield is a key indicator for fixed mortgage rates. If this yield climbs above 3.85%, it could signal a rise in fixed mortgage rates.

The Takeaway: Locking in a low-interest rate now could save you thousands of dollars down the road. However, it's wise to consult with a mortgage broker to discuss your specific situation and determine the best option for you, keeping in mind the potential for future rate changes.

Read the full article here.

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@profitwithjulea

Follow @profitwithjulea for all the best money tips! LIKE, SAVE & FOLLOW. 🔥 @profitwithjulea 💰 @profitwithjulea #savemoneytips #savemo... See more

@nomaddeals

A new study by CheapAir reveals that the best time to book a flight in 2024 is 42 days in advance. The analysis breaks down the booking w... See more

Canadian Pet Expo

March 29th - 31st @ The International Centre

parkerandcodogs

View more on Instagram

Get Tickets

🔌  NOTABLE PLUG

🎙️ Get Into It: Pod Save The World. “Pod Save America” cohost Tommy Vietor thought foreign policy was boring and complicated until he got the education of a lifetime working for President Obama’s National Security Council. On “Pod Save the World,” he and former deputy national security adviser Ben Rhodes break down the latest global developments and bring you behind the scenes with the people who were there. Listen on Apple or Spotify.

📄 Notable Hires: Co-Founder & CEO, New Venture: Coral - Women’s Aging Platform @ Diagram Ventures (remote, Canada)

🎓 Hope This Helps: MyMemo. Transforming Personal Data into Wisdom. Harness the power of AI to organize, analyze, and retrieve your digital knowledge seamlessly.

🌍 Notable Destinations: Montreal to Hong Kong ($1671 - $2500) 
Dates: May 30 - June 6. Click on this link to see the deal.

🧠 Today We Learned: a "jiffy" is an actual unit of time. It refers to the time it takes for light to travel one centimetre in a vacuum, approximately 33.3564 picoseconds, highlighting the quirky side of physics.

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Notable Life is Canada for young professionals, entrepreneurs, and culture generators operated by The Notable Group. Notable Daily inspires ideas and sharpens the minds of over 40,000 top-tier professionals in competitive industries.

Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.