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 […]
B.C. man buys a used car only to find that its odometer has been tampered with. He managed to get his money back but experts say odometer fraud is on the rise. Here’s how it works and how you
Like many Canadians dealing with the uncertainty of tariffs from the U.S. and rising prices, Steve Andrews from Burnaby, B.C., was on a tight budget when he decided to buy a used vehicle. With a young family in tow, Andrews saw a registered Burnaby used vehicle dealership had a 2012 Subaru listed for a good […]
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 […]
Canadians need to pay $150 or more in exit fees just to leave their bank — TD Bank is the latest to hike transfer-out fees
TD Canada Trust quietly announced it will double its Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA) transfer-out fee — from $75 to $150 per account — starting July 1, 2025. And they’re not alone. RBC made a similar move in 2022, upping their fee from $50 to $150, and Tangerine bumped theirs […]
A $100K wake-up call: Why saving now could spare your child a lifetime of financial struggle
It’s hard to believe it now, but your child will eventually become an independent grown-up with their own career, hobbies, and bills. Why not give them a running start into financial adulthood? Planning for your child’s financial future might feel overwhelming, but even small steps today can make a big difference tomorrow. Whether you’re dreaming […]
Canada Post strike sparks investor shake-up: Delivery delays could boost logistics and fintech stocks by double digits
A Canada Post strike is most definitely a labour and distribution issue, but for smart investors this strike is also a chance to spot early trends, test company resilience and even uncover hidden opportunities in the investing market. Whether you’re new to investing or already building a portfolio, here’s what to watch — and how […]
7 smart ways to fight inflation, cut debt, and save big in 2025 — even on a tight budget
According to Statistics Canada, the current inflation rate is 1.7% and BMO as well as other bank analysts are predicting the nation’s inflation rate will continue to hover around the 2% target rate throughout 2025. While these rates are lower than some we’ve seen in recent years, it’s certainly not negligible, especially if you’re still […]
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 […]
Love, lies, and $5 million: Winnipeg lottery battle exposes the high price of trust
A Winnipeg man’s $5 million lottery win has turned into a legal saga after his former partner claimed the winnings and allegedly cut off all contact. The case, now before Manitoba’s Court of King’s Bench, offers a stark lesson about the financial risks of informal arrangements in personal relationships. Lawrence Campbell alleges he purchased the […]
Feel confident investing in Nvidia: Why dollar-cost averaging helps Canadians build wealth long term
Nvidia (NASDAQ:NVDA) has been one of the best-performing stocks of the last decade, benefiting from advancements in artificial intelligence (AI), cloud computing, and gaming. However, its high price and volatility make it a challenging stock for Canadian investors to buy. One way to manage risk and build a long-term position in Nvidia (NASDAQ:NVDA) is through […]
