Canadian cross-border travel hits pandemic lows as costs and concerns rise
Cross-border trips from Canada to the United States hit a pandemic low in February, according to new data showing a sharp decline of nearly 500,000 travelers compared to last year. In February 2025, Canadian travel to the US dropped by 235,000 trips, according to CBP data, marking the steepest year-over-year decline. This trend comes on […]
Hitting back with a vengeance: Toronto halts Tesla EV incentives amid US trade tensions
Toronto has ceased offering financial incentives for Tesla vehicles used as taxis or ride-sharing services, effective March 1, 2025. This move is part of the city’s broader initiative to promote electric vehicle (EV) adoption by reducing licensing and renewal fees for EVs until the end of 2029, aiming to lower emissions. Trade tensions influence policy […]
New report calls for Canada to double its non-market housing
Canada’s housing crisis continues to persist, sparking countless debates on how to resolve it. One proposed solution is expanding non-market housing — housing that is publicly funded, cooperatively owned or offered at below-market rates to ensure affordability. A recent report from the National Housing Council recommends doubling the country’s supply of non-market housing to help […]
7 ways to invest with little money and get big returns
Let me share a secret: you don’t need to be rolling in dough to start investing. Some wealth managers prefer clients who have six (or seven!) figures to invest. But guess what? Times have changed and technology has opened the door to DIY investing. You can easily start investing without a sizeable sum or a […]
Think you need to ditch Ben & Jerry’s to ‘Buy Canadian?’ The home of some of your favourite brands may surprise you
Canada is home to many well-known brands and manufacturers, but some of the foods, drinks and clothing brands you may assume are made here actually come from elsewhere – and vice versa. With globalization and corporate acquisitions, the origin of a product isn’t always obvious, even if the brand has strong Canadian ties (or even […]
TikTok is a swamp of bad financial advice, and experts are fighting back
Dr. Brad Klontz first heard about TikTok through his teen nephews. After they showed him some animal videos, he kept scrolling and watching more posts. Before long, the financial psychologist — who helps patients deal with money-related stress — stumbled across one user promoting day trading. “I was sort of blown away because I thought […]
All this talk of tariffs and market volatility may have you thinking: If the stock market crashes, what’s an investor to do? Here are 3 things to be mindful of
The economic uncertainty caused by President Trump’s repeated threats of across-the-board tariffs on Canadian imports, alongside our nation’s retaliatory response, has been negatively impacting the Toronto Stock Exchange (TSX). Per recent Morningstar reporting, on March 4, the S&P/TSX Composite Index with a net loss of 429 points. A potential trade war with the US has […]
Many Canadians are simply unaware of the realities of tipping
Like it or not, the reality is that tipping is an important part of how service workers are able to earn enough money to try to make ends meet in Canada. While an H&R Block survey reveals strong support for tipping culture, there is not only a sense of fatigue among Canadians, the survey reveals […]
I’ve never owned stocks but I’ve saved $265,000 in cash. How can I ‘set and forget’ my life’s savings so I can live off dividends in the next 3 years?
Invest, invest, invest! That’s the advice that we always hear when it comes to growing wealth. But let’s be real: The stock market can be intimidating. According to a 2024 Ipsos poll only 56% of Canadians feel comfortable investing their own money. Turns out 1 in 4 (25%) of investors who do not feel comfortable […]
Billionaire investor Mark Spitznagel, who predicted the last two market crashes, warns of impending Black Swan bubble burst in the equities market
Mark Spitznagel wasn’t surprised when USD$6.4 trillion was erased from global stock markets this past August. That’s because the noted Wall Street “permabear” — a term used to describe an investor who assumes the value of stocks and shares will fall regardless of market conditions — anticipates a major market crash due to the "greatest […]