BoC holding rates in April 2025: Who wins and who loses with latest Bank of Canada rate announcement?
After seven consecutive rate cuts, the Bank of Canada (BoC) hit pause — holding its key policy rate at 2.75% on April 16, 2025 — as growing uncertainty around U.S. tariffs clouds the country’s economic outlook. Canada’s central bank chose not to issue its usual economic forecast, citing an inability to predict how trade tensions […]
Newfoundlanders feel the pinch as cost of living rises across the island
Newfoundland and Labrador has long been known for its rugged beauty, tight-knit communities and relatively affordable cost of living. However, growing concerns about housing affordability, particularly in cities such as Corner Brook, are prompting a closer look at living costs across the province compared to the rest of Canada. Unique economic challenges facing Newfoundland and […]
Are you willing to spend $20,000 or more on a dog? Here are 15 of the most expensive dog breeds in Canada
My dog lives like a king. And he’s grown accustomed to this lavish lifestyle. From the time I purchased him from a breeder ($1,000), to expected and unexpected vet bills, grooming costs and an extensive (and impressive) wardrobe, let’s just say that I’m glad that I started budgeting for him well before he came into […]
The stock market is crashing: Is now the time to buy in?
Markets may have rebounded today, but the U.S. stock market has experienced a significant downturn in recent days following President Donald Trump’s recent tariff announcements targeting Canada, Mexico and China. Major indices, including the Dow Jones Industrial Average, TSX, S&P 500 and Nasdaq Composite, have all suffered substantial losses, prompting investors to reassess their portfolios […]
How to invest in sustainable mining
With the advent of United Nations-driven global net-zero mandates, demand for rare earth minerals is on the rise, and so are investment opportunities in sustainable mining for Canadian investors. Renewable energy is an essential component of phasing out the global reliance on fossil fuels in order to reduce emissions for everyday power consumption needs. However, […]
Bank bundles: Yay or nay, and why?
I love to bundle up. And I’m not talking about adding extra layers of clothing when it’s cold outside. I mean that I enjoy saving money when companies offer bundling bonuses or discounts to customers who get more than one product from the same merchant. It’s an especially popular marketing strategy with telecommunications, software and […]
Can you pay CRA taxes with a credit card in 2025? Fees, risks, and better options explained
If you owe the taxman money this year, paying on time is the best way to avoid penalties and interest. As Canada’s tax law administrator, the Canada Revenue Agency (CRA) makes it easy to pay your taxes in a number of different ways — including by swiping your credit card. If you’re thinking about using […]
Tech giant Nvidia’s market shake-up: What investors should know — and do — after the $277 billion drop
Nvidia Corporation, a titan in the semiconductor industry, has recently experienced significant fluctuations in its market valuation, underscoring the volatile nature of the technology sector. In January 2025, the company faced an unprecedented single-day market capitalization loss of approximately $600 billion, primarily due to emerging competition from Chinese startup DeepSeek. Despite this setback, Nvidia’s strategic […]
BoC holding rates in April 2025: Who wins and who loses with latest Bank of Canada rate announcement?
After seven consecutive rate cuts, the Bank of Canada (BoC) hit pause — holding its key policy rate at 2.75% on April 16, 2025 — as growing uncertainty around U.S. tariffs clouds the country’s economic outlook. Canada’s central bank chose not to issue its usual economic forecast, citing an inability to predict how trade tensions […]
You’ve earned every dollar — make it count. Here are 6 strategies to help you keep more of your hard-earned money this tax season
There’s an old adage that goes something like, “What’s the difference between tax reduction and tax evasion? About five years in jail.” As a Canadian, you have the right to reduce the amount of income tax you pay, but what you can’t do is evade taxes. Even rich folks with accounts in Panama can get […]