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 […]
This 54 year old grew his TFSA up to $800K by following the stock picks of a fund manager. Here’s what you can learn
A Torontonian recently accomplished what many Canadians dream of doing — making massive returns on his Tax-Free Savings Account (TFSA). Chris, 54, is a CFO for a company and a fan of the BNN Bloomberg program Market Call, where investment analysts discuss stocks, he told The Globe and Mail (1). After hearing advice from analyst […]
Quebec $46M lottery winner faces the ultimate retirement decision
Claude Boucher, a Cégep de Victoriaville employee from the Bois-Francs region of Centre-du-Québec, won the Gold Ball Jackpot of $46,000,000 in the August 27 Lotto 6/49 draw. He purchased the winning ticket using his usual numbers via the Loto-Québec gaming website. “I was scrolling quickly and I thought, ‘$46,000 isn’t too bad! But what are […]
Canadian households pull back as spending slows in last half of 2025, RBC reports
Canadian consumer spending eased in August, according to RBC’s latest Consumer Spending Tracker, signalling that many households are trimming budgets and rethinking priorities. RBC’s total cardholder spending dropped by 2.2% month-over-month from July, while core retail sales (excluding automobiles and gasoline) posted just a 0.4% gain. This marks the third straight month of slowing growth […]
Downsview to host Canada’s first major modular housing project
Toronto’s Downsview lands are set to become the testing ground for one of Canada’s most ambitious housing experiments — a large-scale modular housing community backed by hundreds of millions in public funding and a plan to build faster, more affordable homes. This week, federal and municipal leaders announced that the first Build Canada Homes project […]
Best towns to live in BC
It’s called Beautiful British Columbia for a reason. If you’ve been contemplating a move out to Canada’s west coast, don’t worry! There is something for everyone in BC. From world-famous mountains to the cool Pacific Ocean breeze, BC has some of the best places to live in Canada. If you’re flirting with a change of […]
This new app turns your coffee runs and grocery bills into real home savings
A new fintech platform has come online, allowing Canadians to save for housing by converting their daily purchases into contributions toward rent deposits and down payments. Toronto-based startup Quarters announced the launch of its “Home Savings Rewards” program last week, which it says is the first of its kind in Canada. Unlike traditional loyalty platforms […]
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. […]
Four in 10 young Canadians not investing TFSA funds: TD
Many young Canadians are missing out on one of the easiest ways to grow their money, according to a new survey from TD. While 65% of Canadians hold a Tax-Free Savings Account (TFSA), four in 10 (41%) Gen Z and Millennial account-holders admit they aren’t investing the funds inside — a habit that could diminish […]
Federal Budget 2025 bets big on business — and why that matters to Canadian investors and workers
After 18 months without a federal budget, Ottawa is finally putting its money where its mouth is — and the focus is clearly on investing in Canadian business to help restart Canada’s stalled economy. Framed as an “investment budget,” Prime Minister Mark Carney’s first fiscal framework focuses mostly on big-ticket investment-driving items, rather than spending […]