Couple loses $30K in suspected Nova Scotia Power cyberattack — How to protect your info before it’s too late
With digital banking a ubiquitous norm for almost all Canadians, we can access our finances at the click of a button. Unfortunately, so can thieves and bad actors — if they have the right information. On May 15, Diane and Michael Betts found their Manulife line of credit missing $30,000 and a $500 charge on […]
Canadians still avoiding the U.S., trips down nearly 40% in May
It looks like elbows are still up as Canadians continue to boycott the U.S through economic means. According to the latest Statistics Canada report, there was a significant decline in Canadian road trips to the United States last month — data shows a 38% decrease in May 2025 compared to the same period last year, […]
A combined $1.8 million in losses: Victims share their experience with GIC fraud — how to protect yourself from similar scams
In a time when financial insecurity is high and many are looking for ways to safeguard their money or increase their wealth, fraudsters are taking advantage of that vulnerability. Recently, three Canadians fell victim to a fraudulent scheme involving fake Guaranteed Investment Certificates (GICs), losing a combined $1.8 million. The scam, which has been gaining […]
Trump’s tariffs, market chaos and the rise of inverse ETFs: How investors are hedging market downturns
In today’s turbulent economic climate, marked by President Trump’s recent tariffs on Canada, Mexico and China, concerns about a potential recession are escalating. As markets react to these developments, investors explore strategies to protect their portfolios. One such strategy involves inverse exchange-traded funds (ETFs). What are inverse ETFs? Inverse ETFs, also known as bear or […]
No yard, no problem? PC’s backyard giveaway exposes how city life leaves too many Canadians without green space
Not everyone in Toronto or Vancouver gets to enjoy the quintessential Canadian summer — backyard barbecues, sunny hangouts with friends, or simply a patch of grass to relax on. For the millions living in high-rise condos and rental units with no outdoor space, summer pleasures often come secondhand. And now, even borrowing a backyard is […]
I’m only 25 and my mom has tanked my 700-plus credit score after falling behind on payments for an auto loan she had me co-sign when I was 18. How do I stop her from derailing my future?
It sounds like you were doing all you could to get your finances together in your twenties, like paying your bills on time and being mindful of your debt. Don’t miss I’m 49 years old and have nothing saved for retirement — what should I do? Don’t panic. Here are 6 of the easiest ways […]
Ottawa woman accuses husband of ‘love bombing,’ leaving her $300K in debt
Browsing the internet or social media will bring about many first-hand accounts of dating and marriage horror stories that would render even the most hopeless romantic a cynic. Here’s one such story. Christina MacCrimmon of Ottawa claims she was the victim of ‘love bombing’, that left her nearly $300,000 in debt. "It’s just unimaginable to […]
Canadians are worried current market volatility will impact their future financial independence
Invest, save and then invest some more. This is the advice many Canadians receive when seeking a financial plan – the specifics of the investments and savings notwithstanding. But current market volatility may be putting somewhat of a damper on those thoughts of financial independence. Almost half (48%) of all respondents in the annual RBC […]
New Brunswick man fined more than $4K for an accident that happened 60 years ago
An 86-year-old New Brunswick man is facing a hefty fine for an accident he has no memory of — an incident that took place 65 years ago in Toronto. Ossie Gildart was shocked to learn that his driver’s licence had been suspended due to an uninsured accident from 1960, after a recent fender-bender led him […]
‘No one’s posting receipts’: Social media FOMO can land you in tens of thousands of debt, 3 signs you are in trouble
The old saying “comparison is the thief of joy” is increasingly relevant in the age of social media. A 2024 study by LendingTree found that more than six in 10 Gen Zers say they feel pressured to spend to keep up with others. For Alyssa Davies, a 32-year-old content manager from Calgary, Alta., the cost […]