“Please make sure your head is on straight” — An Ontario professor’s retirement plan was derailed after her mothers sudden death. Here’s how she got it back on track
Former computer scientist and professor, Julia Johnson (72), was used to creating plans and executing them, and retirement was no different. But her plans went awry when her mother unexpectedly passed away. Right before retiring in 2020, Johnson had taken an exit sabbatical so she could have time to move from Ontario to Edmonton, Alberta […]
53% of Canadians now skip U.S. booze for Canadian or global picks — with drop in sales and trade feud prompting 94% drop in U.S. wine imports
Canadians are rethinking their alcohol purchases as trade tensions with the U.S. spill onto liquor store shelves. New survey data shows that more than half of Canadians have changed how they shop for booze since tariffs took effect — with many opting to support Canadian producers or cutting back altogether. Trade tensions prompt buy-Canadian at […]
Looking to go on vacation for cheaper? Here’s where the Canadian dollar is worth the most
For many Canadians, spending in a foreign currency can be extremely costly, especially with the unfavourable currency exchange rate between the Canadian and U.S. dollar. There was a time when C$1 CAD was worth US$0.94, but today, that conversion is closer to US$0.70 (as of mid-May, one Canadian dollar converted to US$0.73). This makes travelling […]
Crush cash flow chaos: How smart credit card use can save you hundreds each year (and make budgeting and saving easier)
With the cost of living still high in many parts of Canada and average credit card interest rates hovering around 21%, managing day-to-day finances has never been more important. While credit cards are often associated with debt, when used wisely, they can be a powerful tool for improving your cash flow, earning rewards, and keeping […]
A third of Canadians are lacking financial confidence
With cost-of-living woes, recession concerns and ongoing international trade negotiations, it’s no wonder the economic future isn’t all that inspiring for some Canadians. According to a new Co-operators survey, only one-third of Canadians feel optimistic about their financial future. For Gen Z and Millennials, that share drops to 28% and 26%, respectively. "Canadians are seeking […]
Should you keep all your money in one bank? We take a deep dive into the pros and cons of centralizing your finances in one place
There’s no denying that using one bank is more efficient, convenient and streamlined than storing your money in multiple banks. But is centralizing all of your wealth in one place truly the best way to manage it? As with most decisions, there are benefits and drawbacks to this common financial practice. Here, we break down […]
Canadians experiencing ‘fraud fatigue’ after targeted scams
Have you ever nearly been convinced by an email, text or phone call that you needed to click a link or share private information? The deluge of messages, virtual or otherwise, that Canadians receive can sometimes make it easy to slip in our vigilance against fraud. A new RBC poll finds 98% of respondents have […]
When the bill comes with a catch: Mississauga cafe closes after scam allegations
Farzi Café, a high-end Indian eatery in Square One Shopping Centre in Mississauga, Ontario, first hit headlines earlier this year when it was temporarily shuttered over health violations, documented in public health orders after inspectors found multiple safety infractions. Yet, its reopening proved short-lived. Last week, the restaurant quietly closed its doors again. This time, […]
Canadian small businesses’ confidence is at an all-time low amid US trade tensions
A lot of Canadians are reasonably on edge lately, with US president Donald Trump’s continued talk of annexing Canada and various tit-for-tat tariff threats lobbed back and forth across the border. That tension has been reflected in Canadian businesses, with the Canadian Federation of Independent Business (CFIB)’s Business Barometer crashing to an all-time low in […]
Canadians are redefining their financial success
It feels like it’s hard to plan for the future right now. While that’s likely been true for most years, the current moment feels especially challenging, amid recession and tariff concerns and more. In light of that, a new Edward Jones survey reveals Canadian investors are redefining what financial success means to them. While traditional […]
