Fed up with fees: Over half of Canadians have switched banks over fees — and many more are considering it
A new Money.ca reader poll reveals that 53% of respondents have already switched financial institutions at least once because of increasing fees. Another 13% say they are actively looking to switch, while 23% are watching fees closely and may move if costs climb further. That means nearly 9 in 10 Canadians are either ready to […]
Hidden in plain sight: The Habsburg 137-carat Florentine Diamond that proves Canada’s banks are built on trust
A diamond that once glittered in the crowns of emperors resurfaced — and not in Vienna or Paris, but inside a secure Canadian bank vault. According to The New York Times (1), the 137-carat Florentine Diamond — a jewel of the Habsburg dynasty thought lost, stolen or recut more than a century ago — “has […]
Canadians remain anxious about retirement — but planning helps, survey finds
A new survey shows that 59% of Canadians are worried that they might outlive their savings. Conducted on behalf of CPP Investments, the findings suggest that anxiety about retirement is widespread, yet those who take concrete steps, such as having a financial plan or understanding the role of the Canada Pension Plan (CPP), tend to […]
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 […]
My sister’s a freelancer and somehow never has enough cash when her rent is due. But I feel like I’m becoming a crutch, should I stop bailing her out?
If you’ve helped out a loved one when they’ve been short on cash, you’re in the majority. A LendingTree survey found that 51% of respondents had loaned money to a friend or family member in the previous five years, and 27% of the time it was to a sibling (1). Now, imagine you’re 36-year-old Mia: […]
Flat investment fees promise clarity — but could end up costing you more than you think
I recently received a letter from my financial advisor telling me that some of my accounts are moving from a tiered-fee rate to a flat-fee rate structure starting Jan. 1, 2026. I’m sure I’m not the only Canadian who received the notice, and it got me thinking about what this change really means for us […]
Crushed by student debt? Learn financial literacy (aka: money skills) that can set you free and build the future you deserve
For most young Canadians, the journey to financial literacy begins with pursuing a degree at a college, university, or technical school. This step into launching an adult life is also when many begin to take on significant debt. To illustrate, during the the 2022–2023 academic year, approximately 532,000 students received $3.1 billion in non-repayable Canada […]
Canadians plan leaner holidays as Gen Z cuts back 35%: PwC
Canadians are heading into the 2025 holiday season planning to spend an average of $1,675 on gifts, travel and entertainment, according to PwC Canada’s annual Holiday Outlook. That figure represents a 10% drop from last year, as rising prices and economic uncertainty push consumers to stretch their dollars further. Despite the overall pullback, PwC says […]
Best places to retire in Europe
For a lot of Canadians, retiring in Europe feels like the ultimate dream. Picture this: Sipping an espresso at a little café on a cobblestone street, soaking up that Mediterranean sunshine and wondering why you ever put up with Canadian winters for so long. If you’ve spent most of your adult life in an office […]
I’ve handed in my retirement notice and now the reality is hitting me. How can I prepare for the rest of my life, especially financially?
A record number of Americans hit retirement age this year — and are marking the occasion by handing in their retirement notices. But for many, their financial future is uncertain. In fact an estimated 4.1 million Americans will be retiring every year from now through 2027. It’s a phenomenon Jason Fichtner, executive director of Alliance […]