Home Economics: Switching from variable to fixed mortgage rates; Re-examining the 60/40 portfolio

Home Economics newsletter: What to consider when switching from a variable to a fixed-rate mortgage, Desjardins says clouds loom over Canadians' ability to grow wealth and re-examining the 60/40 investment portfolio

"This recession will be moderate and short-lived by historical standards - and can be reversed once inflation settles enough for central banks to lower rates"- RBC economists are the first out of the big Canadian banks to call for a recession next year. But they predict the downturn won’t be as bad as previous recessions.

Sign up for BNN Bloomberg's weekly newsletter, Home Economics, which aims to help Canadians navigate their personal finances in the age of market volatility, surging inflation and higher borrowing costs. Have it delivered to your inbox every Friday by subscribing at https://www.bnnbloomberg.ca/subscribe