76% of newcomers fear financial missteps, TD survey finds
Many recent immigrants say they feel held back by a lack of knowledge about investing, banking and Canada’s economy. More than three-quarters (76%) of newcomers to Canada say they’re anxious about making a financial mistake, according to a new survey from TD. The findings suggest that while ambition is strong among recent immigrants, many feel […]
Relief at last: Bank of Canada cuts rate after a six-month pause — easing pressure on mortgages and debt
The Bank of Canada dropped its overnight lending rate by 0.25% on September 17, 2025, lowering its target rate from 2.75% to 2.50%. This latest rate drop breaks the BoC’s recent streak of three consecutive rate holds that began in March 2025. Prior to the March pause, the BoC had steadily lowered rates over seven […]
Credit cards don’t have to be a trap — unlock rewards and build wealth through responsible spending
Credit cards are often made out to be a trigger for irresponsible spending. Conversely, they can also help consumers build smarter financial habits, encourage people to monitor spending, be more aware of shopping trends and even frequently monitor statements for fraudulent transactions. Whether you’re new to having a credit card, trying to clean up your […]
Fed up with fees: Over half of Canadians have switched banks over fees — and many more are considering it
A new Money.ca reader poll reveals that 53% of respondents have already switched financial institutions at least once because of increasing fees. Another 13% say they are actively looking to switch, while 23% are watching fees closely and may move if costs climb further. That means nearly 9 in 10 Canadians are either ready to […]
Three-quarters of Canadian business leaders are investing at least as much as their American competitors
Despite a challenging economic climate, Canadian business leaders remain bullish on investment, even outpacing their U.S. and global peers in some areas. But that optimism is tempered by a warning: Without urgent policy action, Canada risks falling behind where it matters most, productivity-enhancing technology. A new KPMG survey finds that three-quarters of Canadian executives say […]
New book explores the highway that drives Canada’s economy and keeps us connected
Canadian pride and economic independence are more important now than ever. Amid rising tariffs and shifting global trade dynamics, Canadian businesses rely heavily on internal infrastructure to stay competitive and connected. At the heart of this is the Trans-Canada Highway, a massive 7,821-kilometre route that links the country from coast to coast. It’s more than […]
Bank of Canada cuts rate to 2.50% — what this means for your mortgage and housing costs
Canadians hoping for more relief on borrowing costs finally got their wish as the Bank of Canada announced a rate drop on its target rate on September 17, 2025. The BoC dropped its overnight rate by 0.25% — from a bank-to-bank lending rate of 2.75% to 2.50%. This is the first cut the BoC has […]
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 […]
Relief at last: Bank of Canada cuts rate after a six-month pause — easing pressure on mortgages and debt
The Bank of Canada dropped its overnight lending rate by 0.25% on September 17, 2025, lowering its target rate from 2.75% to 2.50%. This latest rate drop breaks the BoC’s recent streak of three consecutive rate holds that began in March 2025. Prior to the March pause, the BoC had steadily lowered rates over seven […]
A classic Canadian chocolate bar just got quietly discontinued
If your childhood snack drawer included a Jersey Milk bar, this one might sting. After 75 years on Canadian shelves, Mondelez, the maker behind the confectionary best used for smores, has quietly pulled the plug on the creamy white-wrapped classic, citing low demand. No press release. No farewell tour. Just gone, like the last piece […]