Hidden in plain sight: The Habsburg 137-carat Florentine Diamond that proves Canada’s banks are built on trust
A diamond that once glittered in the crowns of emperors resurfaced — and not in Vienna or Paris, but inside a secure Canadian bank vault. According to The New York Times (1), the 137-carat Florentine Diamond — a jewel of the Habsburg dynasty thought lost, stolen or recut more than a century ago — “has […]
Moncton businesses say crime is hitting their bottom line
Downtown Moncton’s business community is speaking out against what it calls an alarming rise in crime — and the growing financial fallout that’s coming with it. The newly formed Enough is Enough Coalition, made up of business owners, landlords and property managers, is demanding action from all levels of government. In a statement last week, […]
Canadian snowbird retirees are being forced to sell their Florida homes amid skyrocketing insurance costs, plunging loonie — is this temporary or long-term exodus from the Sunshine State?
For years, Ontario retiree Cesidia Cedrone and her husband escaped Canada’s brutal winters by retreating to their cozy Florida condo. But this year, instead of packing their bags for the sunshine, they packed up their belongings in Florida — for good. “Things changed so drastically. The Canadian dollar is not at par with the U.S. […]
Burnout is rising among Canadians — and many say their workplace isn’t helping
Canadian workers are being exhausted at rising rates, with 39% saying they feel burnt out, up from 35% last year, according to a new national survey from Mental Health Research Canada (MHRC) and Canada Life. Behind those numbers is a familiar story: Employees are struggling to keep up with workloads, stress and economic pressures — […]
The Hudson’s Bay stripes are back!
For more than two centuries, the bold green, red, yellow and blue stripes of the Hudson’s Bay Company have been a fixture of Canadian households from coast to coast. They’ve been stitched into blankets that warmed generations of individuals and were embossed on mugs, scarves and mittens that many proudly called their own. So when […]
Canadians are increasingly keeping more cash on hand as the world becomes more digitized — Is this a smart move?
“Cash is king." For millennials and generations before them, this phrase reminds them of a time before digital wallets, online payments and plastic payment methods. Now you might think the notion is obsolete given the technology in our pockets. But, according to a recent Bank of Canada (BoC) report surveying payment methods of Canadians, it […]
When an RESP goes unused: What a family nearing retirement should consider
Susan and Mark Grant are a married couple in their early 60s living in Ontario. They have spent decades working, saving for retirement and contributing regularly to a Registered Education Savings Plan (RESP) for their only child, Emma. The plan was to use that money for her post-secondary education. But Emma has decided not to […]
Locked out of opportunity: 59% of new Canadians say credit barriers are holding back their future
According to a new TD Bank survey, 59% of new Canadians who have applied for credit believe they would have a better living experience if they had improved access, and 79% say it’s difficult to build credit history in Canada (1). The poll focused on people who have arrived within the past five years, a […]
Costco Canada: Are the deals worth It? Canadians have their say
Grocery bills are eating up a sizeable portion of Canadian household budgets, and families are looking for every possible way to stretch their dollar. In 2023, the average household spent about $12,000 a year on food, according to Statistics Canada — roughly $1,000 a month when you include groceries and restaurant meals. Just keeping the […]
Electric vehicles cost nearly 37% more to insure than gas cars, Surex study finds
A new survey from Canadian insurance marketplace Surex shows that drivers choosing electric vehicles (EVs) are paying a steep premium when it comes to coverage. The study, based on more than 12 months of Surex insurance quotes, found the average annual premium for a gas car to be $2,289.27 compared with $3,131.43 for an EV. […]