Fixed mortgage rates rise as variable-rate discounts tighten: Here’s what it means for your next loan or renewal
For a while, it looked like mortgage rates in Canada were finally settling into a more affordable pattern. Fixed rates had been drifting downward, and variable rates were looking more attractive — especially as rate cuts seemed like a matter of “when,” not “if.” But the tide has turned. As of early May, both fixed […]
Inflation-proof your finances: Credit card hacks to help you save on your groceries
With grocery prices soaring 3.8% year-over-year – more than double Canada’s overall inflation rate of 1.7% – your weekly shop is eating up more of your budget than ever before. But following some smart credit card strategies could put an extra $1,465 back in your pocket annually, on groceries alone. Here are the most effective […]
Exercising demons and trying to find love: How two Ontario men lost more than $150,000 to psychics. Here’s what happened and how you can avoid falling victim
What would you do for love? It’s a question we’ve likely all asked ourselves at some point, especially if we’re in a moment of emotional desperation. For Joanne Whalen from Whitby, ON, she was willing to give over $50,000 to a so-called psychic to fall in love with someone she met at a fitness club. […]
Retiring as a single in Canada? Here are some things you need to be aware of to make the best of your finances
When it comes to planning for retirement, having a firm grasp over your finances will allow those golden years to shine everbright. For working Canadians who are partnered up, achieving the ultimate goal of a comfortable and prosperous retirement is a relay race. Savings and spending responsibilities are dually doled out, with someone being held […]
What to expect when you’re expecting: First year cost for pets
It’s easy to go overboard when you’re getting a new pet. Whether it’s supplies, toys or even clothes, some things are just too cute to pass up. But these things quickly add up, even if you try to stick to necessities. It’s possible to budget and plan for your new furry addition, and we’ve put […]
Canadians not looking ahead in 2025 with rose-coloured glasses
Many Canadians are looking at their financial well-being in 2025 with at least some level of concern. A new H&R Block survey reveals 64% of Canadians are concerned that 2025 is going to be a challenging year for them financially. "Many Canadians are feeling the pinch of higher costs-of-living and are looking to manage spending […]
Balancing opportunity and caution: Is now the right time to buy real estate in Canada? Redditors weigh in
The Canadian housing market in 2025 is in unfamiliar territory: Price growth has slowed, listings are staying up longer and uncertainty is keeping both buyers and sellers in a tense standoff. With interest rates still relatively high and affordability at historic lows, many would-be homeowners are asking a question that feels more relevant than ever: […]
At 65 and set to retire with $357,000 in the bank: How much money can you comfortably spend each year?
John spent the last 30 years working. Unfortunately, he didn’t save. To be honest, John only started saving over the last 15 years. Despite some obstacles, John managed to put away approximately $357,000. Now he’s a year away from celebrating his 65th birthday and he wants to know: Can I retire? John isn’t alone. Across […]
The towns that disappeared: Inside Canada’s quiet wave of rural dissolutions
Newfoundland and Labrador has formally dissolved Tilt Cove — Canada’s smallest town — marking a poignant end to a place that once thrived during the copper mining boom. With just a handful of residents left, the decision to relinquish its incorporated status reflects a broader, slow-burning trend across Canada: The quiet disappearance of small, rural […]
My brother needed grocery money for a few months, so I lent him the cash. He paid me back, but now he’s short again. Should I keep lending him money? Here’s how to offer a ‘responsible’ loan
A few years ago, your brother borrowed money to help pay for groceries for several months, and paid you back. But now, he finds himself short of cash again and you’re not sure whether you want to lend him more money. Wanting to help out a friend or family member when they’re in a financial […]
