A bitter cup: why your coffee is costing more
Coffee isn’t just a morning ritual — it’s a staple in Canadian daily life and wallets. As of 2024, Canadians spend roughly $504 a year on coffee outside the home, (1) making it clear that rising prices hit more than just the taste buds, they can also put a real dent in household budgets. By […]
Gen Z puts survival first as paycheques shrink and costs climb: KOHO report
Canada’s youngest working generation is living in survival mode. A new Gig and Seasonal Economy Trends Report from KOHO, (1) Canada’s top-rated money app, finds that Gen Z is grappling with irregular work, rising costs and thin margins, while also adapting to a new kind of financial pragmatism. The report combines KOHO’s internal data with […]
The iPhone 17 is here: The hidden costs of always chasing the newest technology
Earlier this week, Apple announced the launch of the iPhone 17, continuing its annual tradition of unveiling a new model each fall. For millions of Canadians, that familiar announcement comes with a familiar, if somewhat redundant, question: should I upgrade to the latest model, or stick with my current device? The previous iPhone generation, the […]
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,” […]
Prime Minister Mark Carney pauses Canada’s electric vehicle mandate amid industry pressures
Prime Minister Mark Carney has announced a temporary delay in the implementation of Canada’s electric vehicle sales mandate. Originally slated to require 20% of new passenger vehicles to be zero-emission by 2026 — a policy introduced under former Prime Minister Justin Trudeau — the plan will now be waived to ease pressures on the automotive […]
Rising mortgage costs put Canadian homeowners at risk
A growing number of Canadians could face difficulties making mortgage payments when they renew their loans this year and next, according to the Canada Mortgage and Housing Corp. (CMHC). The housing agency says it is monitoring the situation closely as higher interest rates push monthly payments higher. “My overall expectation is that delinquencies and arrears […]
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 […]
Inclusive employers show how hiring people with disabilities pays off
A small café steps from the Beaches boardwalk is stirring up more than coffee. Judy’s Beach Café — a new social enterprise that trains and employs adults with intellectual and developmental disabilities — officially opens Sept. 1, giving local residents not just sandwiches and smoothies, but also a chance to see inclusion in action. The […]
Punished for being poor: One man calls NSF fees a “poverty tax” and Redditors have thoughts
It started with a Reddit post. User u/Important-Day-8936 shared their frustration with being charged over $1,000 in non-sufficient funds (NSF) fees within a year. “Not because I was irresponsible,” they wrote, “but because I was/am still financially struggling.” "NSF fees are a poverty tax," the redditor declared, "and I’m done staying quiet." Their post hit […]
Think you’re safe? Canadians lose millions to credit card errors — here’s how to fight back
I have a confession to make. I’m among that rare breed of credit card user that you’ve heard about but never really believed exists. That’s right: I’m a credit card statement confirmer. Every time I get a credit card statement, I dig out the receipts I carefully put aside each month and check each and […]