Older homeowners often view reverse mortgages as financial booby traps. Many find it too hard to know how much of their wealth will remain once the loan stops compounding. A major wildcard in that equation is the average effective interest rate over the life of the loan. Seniors who endured

💡Remembrance Day: With the national holiday on Tuesday, MLN will publish next on Wednesday morning. While the American lamented surprise layoffs last week, Friday’s big story was north of the border. For the second month in a row, StatCan pulled a statistically improbable rabbit out of its hat.

Canada's job creation machine was supposed to be broken. Instead, its rusty gears just churned out a whopping: * 66.6k net jobs in October (est. -2.5k | prior 60.4k) * 6.9% unemployment (est. 7.1% | prior 7.1%) * 4.0% wage growth for permanent employees Even the