CES 2021 - Microsoft announces the Surface Pro 7+ 2-in-1 PC and the deployment of its 85 ″ Surface Hub 2S

Microsoft is unveiling the Surface Pro 7+, a 2-in-1 laptop PC for business and education, which benefits from some improvements over version 7. The Surface Hub 2S digital board will ship in February. Rumors are rife that a Surface Pro 8 will be released soon. To be patient and to satisfy professionals, Microsoft unveils its Surface Pro 7+, a revised version of the Surface Pro 7 promised as more efficient.    Among the major evolutions of this new model, we note first of all the passage of the Intel Core processors from the 10th to the 11th generation. Storage will still be capped at 1TB, but a maximum of 32GB of RAM can now be installed, down from just 16GB previously. The SSD will also be removable and a Full HD webcam integrated into the Surface.  4G is now supported with a SIM card slot and eSIM support. Plus, battery life gets a big boost, from 10:30 am to 3:00 pm - on paper anyway - with a fast charge to 80% in an hour. The Surface 7 Pro +

Bank of Canada: Lower borrowing costs likely

The Bank of Canada decided on Wednesday to cut its key interest rate by half a percentage point, to 1.25%, due to concerns over the new coronavirus. Here's what this decision could change: 

Central bank of Canada - Head Office

Immovable :

In principle, a lower policy rate translates into a lower mortgage rate. It is unclear at this time whether the banks plan to pass on the entire drop to borrowers, said Ratehub.ca co-founder James Laird.

"Everything that does not change is simply due to the fact that financial institutions want to reap more profits," he said.

Ratehub estimates that a reduction of half a percentage point for a mortgage of $ 450,000 accompanied by a variable rate of 2.6% would bring it down to 2.1%, which would translate into monthly savings of approximately $ 115. For a $ 800,000 mortgage, the monthly savings are estimated at $ 800.

Phil Soper, President and CEO of Royal LePage, expects the Bank of Canada's decision to stimulate the housing market. This should benefit the Prairie provinces as well as Newfoundland and Labrador, but could exacerbate the imbalance in strong markets like the Greater Toronto Area.

Credit:

Credit card rates are not expected to change, unlike those for auto loans and lines of credit. This could make it easier to repay certain loans, but lower rates could make banks more reluctant to lend, according to Doug Hoyes, licensed insolvency trustee at Hoyes, Michalos & Associates. In his opinion, some financial institutions are already being more careful in this regard because of economic uncertainties.

Mr. Hoyes also believes the drop in interest rates represents a good opportunity to repay his debts. He added that the central bank's decision signals that there may be a recession and that some workers may not get higher wages or even be fired.

"The drop in interest rates indicates that the Bank of Canada is concerned," said Mr. Hoyes. So if the experts are worried, I guess they are trying to tell us that maybe we should be too. "

Saving :

The downside to lower borrowing costs is that interest rates for savings accounts will also decline, said Laird.

"This type of environment, with very very low rates, puts a lot of pressure on people who are nearing retirement or who are retired," he said.

Since COVID-19 may have economic impacts, it would be prudent to save more, given the potential impact that the virus may have on the economy, however, it may be prudent to save more, according to Credit Counseling Canada CEO Michelle Pommells.