Economic freedom in Canada is on the decline: Fraser Institute
Canada’s standing in global economic freedom rankings has slipped again, even as new data shows the economy may be stabilizing after months of contraction. The Fraser Institute’s Economic Freedom of the World report, released September 25, ranks Canada 11th worldwide based on data from 2023 — down from 8th in last year’s report. The index […]
Kevin O’Leary is furious at Trump ‘force-feeding’ him Intel — as the US aims to invest taxpayer money in another company
The federal government’s decision to use taxpayer money to buy a stake in Intel has rankled many, including sworn free-market capitalist Kevin O’Leary. If you ask him, Intel should suffer a very different fate. “It’s like a fish dying in the ocean. So Intel is a fish. It dies. It goes to the bottom. The […]
Two Ontario residents are out a combined $90k after they invested in private investment scams. Here’s how you can spot these enticing opportunities for what they are — theft
In the world of investing, the advice “if it’s too good to be true, it probably isn’t,” is a cardinal rule — one that shouldn’t be broken unless there’s reason to do so. Unfortunately, two Ontario residents lost a combined $90,000 after investing with two private investment companies. And they think their money might be […]
Over $7K to insure a car in Alberta — How the province got to this point and is there any relief in sight?
How much would you pay to insure your vehicle? Would you pay $3,000, $4,000 even $5,000 per year? What about $7,000? For one Edmonton resident, that question isn’t rhetorical. Wali Hassan, a 21 year-old Edmonton resident, recently fully insured a 2018 Honda Civic — he was required to do so per the terms of his […]
Canadians owe a staggering $2.5 trillion in household debt — here’s how to chip away and finally breathe free
Debt: Almost all Canadians have it. In fact, Equifax Canada’s Market Pulse Consumer Credit Trends and Insights Report found that consumer debt levels rose to $2.5 trillion at the end of hte first quarter of 2025 — a 4% year-over-year increase. TransUnion estimate that consumer debt, across all credit products, hit a record $2.5 trillion […]
Wealthsimple doubles Visa Infinite fee — Canadians question if perks are worth the $240 price tag
Wealthsimple is doubling the annual fee on its Visa Infinite credit card, raising it from $120 to $240 starting October 9, 2025. The fee will be billed at $20 per month, except in Quebec where it will be charged annually. The change means cardholders will need to spend at least $12,000 per year at the […]
Gen Z still relying on parents’ pockets to survive, BMO survey finds
Canadian parents are increasingly serving as a financial lifeline for their adult children, with a new survey showing one in five Gen Zers rely on family support just to cover day-to-day expenses. The findings highlight a deepening trend of intergenerational dependence as young Canadians struggle to balance high living costs with slow wage growth. According […]
Leave more than money: practical legacy planning for Canadians
Many Canadians dream about the legacy they will leave behind — not just money, but the values, traditions and lessons for loved ones. Thinking ahead about how your wealth and life experiences will shape the future can provide clarity and peace of mind. That’s where legacy planning comes in. Legacy planning is the process of […]
Canadian small businesses pay 20% more tax than U.S. competitors, CFIB warns
Canadian micro and small businesses are paying significantly more in taxes than their U.S. counterparts, according to new research from the Canadian Federation of Independent Business (CFIB). According to the report, a firm with four employees in Canada pays, on average, 20% more in taxes than one of the same size in the United States. […]
89 year old Quebec woman on the brink of losing her home after falling victim to a phone scam. How it worked and how you can protect yourself
A senior from Vaudreuil, Quebec, is poised to lose her home after losing over $50,000 earlier this year due to a scam. Diane Riley, an 89-year-old woman who lives in an assisted living facility with her two special needs children, received a phone call in February from someone pretending to work for an “anti-fraud squad,” […]