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The Globe and Mail's Smart Money section is dedicated to giving you what you need to manage your personal finances successfully. Smart Money appears every Saturday in The Globe and Mail and on globeinvestor.com.
A weekly scorecard of some of the lowest and highest rates and yields across Canada.
MORTGAGESThe lowest rates posted for one, three and five year closed mortgages.1-YEAR CLOSED ICICI Bank Canada3.75PACE Savings and Credit Un 3.75Ukranian Credit Union 3.79ING Direct 3.8Ontario Civil Service CU 3.80Average rate4.683-YEAR CLOSED Citizens Bank of Canada4.7DUCA Financial Services4.7ING Direct4.7Manulife Bank4.7Steinbach Credit Union 4.70Average rate5.47
A couple we'll call Vivian and Susan have a good life in British Columbia. Their home is far from the urban rat race, but their village offers few ways to make money. The result is their combined incomes, about $45,000, barely cover expenses.
A selection of this week's winners and losers
Rona (STAR)$36.57, up $2.44RON - TSXRoma: a European city where espresso and cigarettes are part of a balanced breakfast. Rhoda: a boring 70s sitcom. Rona: a home improvements chain whose stock keeps hitting new highs as profits beat expectations.
