They risked everything for an affordable home — now they’re broke and homeless. Don’t let the dream of homeownership turn into a nightmare
Wayne and Kathy Paquette thought they’d found the perfect retirement plan: a sleek floating home on the water, no property tax, no snow to shovel, and a fraction of the cost of a traditional house. They paid $265,000 to a man named Joe Nemins from a company called Live on The Bay. No home was […]
Canada’s debt crisis explodes: Households near breaking point as missed payments surge
Canadians are slipping deeper into financial trouble, and the numbers tell a sobering story. Turns out more Canadians are missing loan repayments at a much faster rate than taking on new debt — a clear sign that many are running out of financial runway as many struggle to pay bills. According to a nationwide study […]
50% of Canadian fear they’ll NEVER own a home as recession and interest rates crush buying hopes
“I don’t think I’ll ever own a home.” That’s the reality for half of Canadians — and two-thirds of millennials — who now see homeownership as a dream slipping out of reach. With recession fears rising and interest rates stuck in uncertainty, more and more working Canadians are stepping back from the housing market entirely. […]
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 […]
Barks over babies? Millennials and Gen Z are redefining pet parenthood and financial priorities
Pets have always been important to us. It’s been proven that they bring numerous benefits to your life, impacting your physical, mental and social well-being. And that’s why we’re willing to prioritize their wellbeing — in fact, millennials in particular are going out of their way to ensure their pets are living the good life. […]
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 […]
Canada could lose $93.8B from Trump’s tariffs — here’s what that means for your job, bills, and local economy
The ever-increasing threat of tariffs from our southern neighbour seems to be the only thing on people’s minds these days. While their implementation has been more on-again, off-again, in the first few months of 2025, their full impact would be financially burdensome for Canadian businesses across all sectors. A new analysis from the Public Policy […]
“I lost everything”: Newcomer alleges $500K scam in Yukon immigration nightmare
A second lawsuit has been filed against a Whitehorse immigration consultant, alleging that nearly half a million dollars was lost in what the plaintiff calls a fraudulent immigration scheme linked to the Yukon Business Nominee Program. Franklin Lee, a Hong Kong national seeking permanent residency in Canada, filed a statement of claim earlier this month […]
Costco defies recession fears with 10% stock surge. Here’s why analysts say it’s the one stock you should never sell
What’s more resilient during tough economic times than a grocery store? So, it’s not surprising when analysts remain bullish on Costco Wholesale Corporation (NASDAQ: COST) stock, despite the company’s mixed quarterly results. For Costco (NASDAQ:COST) shareholders, the good news was that revenue beat estimates for the long-standing grocery warehouse chain; unfortunately, earnings fell short of […]
12 best places to retire in the world
Canadians love to rave (politely) about their country, but with its harsh winter weather and relatively high cost of living, there are some who dream of retiring to a warmer, less expensive climate. Whether you’re thirsting for sun and surf, a lower cost of living or you’re just looking for a new adventure, there’s a […]
