A missing decimal cost a Guelph diner $34K. Here’s how to avoid costly clerical mistakes
A simple typo nearly sank Christos Kyriacou’s summer. Kyriacou, owner of Angel’s Diner in Guelph, Ont., went to pay his internet bill in May. Instead of sending the $341.26 he owed Bell, he missed the decimal point and wired $34,126. “Stupid me didn’t put the decimal,” he told CBC News. “Honest mistake, but a big […]
Crushed by tuition costs? Here’s how to choose the right loan — and save thousands after graduation
Deciding between a student loan or a line of credit is one of the most important financial decisions Canadian university and college students need to make. To put this in perspective, the average debt at graduation was $17,900 for college and $28,000 for a Bachelor’s degree in 2022, according to Statistics Canada. Rising tuition and […]
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 […]
Stop wasting $100+ a year on credit card fees — 5 smart ways Canadians can escape them for good
Canadians love their rewards — nearly 90% of households own at least one credit card, and 55% of rewards cardholders pay an annual fee to unlock perks like travel points, cash back, and insurance, according to a report released by the Canadian Bankers Association. With fees ranging from $24 to $699, these costs can quickly […]
7 ways to invest with little money and get big returns
Let me share a secret: you don’t need to be rolling in dough to start investing. Some wealth managers prefer clients who have six (or seven!) figures to invest. But guess what? Times have changed and technology has opened the door to DIY investing. You can easily start investing without a sizeable sum or a […]
Canadians are leaving thousands in free travel on the table — here’s how to turn your points into unforgettable trips
Despite stubbornly high interest rates and the rising cost of living, Canadians are still prioritizing travel. A recent Deloitte survey found that 67% of Canadians plan to take at least one leisure trip each year up from 62% from the year before. This rebound in travel spending is not necessarily driven by renewed consumer optimism. […]
Crushed by rising costs? Here are 6 proven ways Canadian students can save big and stress less at university
Going to university is financially stressful, but with the right approach to budgeting combined with smart spending habits, you can ease the stress and figure out a realistic budget. In 2023, the average undergraduate tuition in Canada was $6,834 per year, and when you add housing, food, transportation, and books, the typical student spends between […]
Locked out of opportunity: 59% of new Canadians say credit barriers are holding back their future
According to a new TD Bank survey, 59% of new Canadians who have applied for credit believe they would have a better living experience if they had improved access, and 79% say it’s difficult to build credit history in Canada. The poll focused on people who have arrived within the past five years, a period […]
Over half of Canadian snowbirds eyeing sale of U.S. homes, says Royal LePage
Parents and retirees who once dreamed of winters in Florida or summers in California are suddenly rethinking the plan. According to a new survey by Royal LePage, more than half (54%) of Canadians who own residential property in the U.S. say they are considering selling within the next year. The top reason? Politics. Nearly two-thirds […]
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 […]