Extreme weather takes growing toll on commercial insurance sector
Canada faced one of its most expensive years for insured losses in 2024, with severe weather wreaking havoc on both homes and businesses. While homeowners bore the brunt of the damage, commercial properties also suffered massive losses, pushing the total insured damages to over $1.7 billion — the second-highest in the country’s history. "Thousands of […]
Feel confident investing in Nvidia: Why dollar-cost averaging helps Canadians build wealth long term
Nvidia (NASDAQ:NVDA) has been one of the best-performing stocks of the last decade, benefiting from advancements in artificial intelligence (AI), cloud computing, and gaming. However, its high price and volatility make it a challenging stock for Canadian investors to buy. One way to manage risk and build a long-term position in Nvidia (NASDAQ:NVDA) is through […]
New Brunswick backs modular housing to fight the supply gap
In a province that lost over 8,000 affordable housing units between 2016 and 2021, New Brunswick is turning to modular construction as a fast and scalable solution to a worsening housing crunch. To change public perceptions about what modular homes can offer, the New Brunswick Housing Corporation recently launched a campaign aimed at challenging outdated […]
Ontario man left holding the bag on $62,000 car loan after co-signing for a friend
An Ontario man found out the hard way the responsibilities you take on when you co-sign a loan, and why it’s not a good idea to co-sign a loan for a friend. “I went in as a co-signer and I had no idea that this could happen,” Mississauga resident Shane Brown told CTV News after […]
Canadians need to pay $150 or more in exit fees just to leave their bank — TD Bank is the latest to hike transfer-out fees
TD Canada Trust quietly announced it will double its Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA) transfer-out fee — from $75 to $150 per account — starting July 1, 2025. And they’re not alone. RBC made a similar move in 2022, upping their fee from $50 to $150, and Tangerine bumped theirs […]
American Express tops credit card mobile app satisfaction study for third straight year
For the third consecutive year, American Express has secured the top spot in J.D. Power’s Canadian Credit Card Mobile App Study, widening the gap between itself and competitors even as the digital banking landscape increasingly resembles a sea of sameness. Amex tops J.D. Power’s mobile app survey across all categories American Express Canada’s mobile app […]
Greedflation taking a bigger bite out of Canadian food budgets, new report finds
While Canada’s inflation rate has cooled to pre-pandemic levels, food prices continue to soar, and a new report suggests the real culprit might not be inflation at all, but something more opportunistic: Corporate greed and tariff-driven price hikes disguised as necessity. Food prices keep rising even as overall inflation cools A deep dive by Money.ca […]
‘We no longer felt welcome’: Canadian snowbirds spooked by Trump’s rhetoric flock to sell their second homes in the US — how a rush to sell could impact some local housing markets
Tracy and Dale McMullen are Canadians who had a vacation home in Buckeye, Arizona, for five years until they sold it in April. The couple typically spent four to five months a year in the U.S., but now say they don’t plan on returning anytime soon. “We decided to sell the property after the current […]
‘I have no money now’: This retiree sunk nearly her ‘entire life savings’ into a half-built house in Florida that her bankrupt builder won’t finish — and she’s not alone
Some homebuyers in Citrus Springs, Florida, are in shock after the Van Der Valk Construction company filed for Chapter 11 bankruptcy in April, leaving many homes unfinished. The Citrus County-based company is leaving many homeowners, mostly retirees, holding the bag financially. Don’t miss I’m 49 years old and have nothing saved for retirement — what […]
‘I hope she gets what’s coming for her’: NYC women speak out after influencer took thousands from them for specialized training course — and then vanished. How to avoid a similar situation
In a New York minute, three women looking to bolster their aesthetician careers lost more than $3,000 each when a highly promoted makeup course vanished overnight, along with the influencer behind it. Marley Matamoros, Ashley Landin and Michelle Echeverry, all from New York, paid their money to take an unlicensed course led by Miami-based TikTok […]