As Canada enters a critical period of mortgage renewals in 2025 and 2026, homeowners and financial experts are closely monitoring interest rate movements for signs of relief — and it appears the Bank of Canada (BoC) offered a glimmer of hope for variable-rate mortgage holders and first-time buyers with a rate drop of 0.25%. The…

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…

The Bank of Canada (BoC) announced the second rate drop of 2025 — with a 25 basis point rate cut to its overnight rate. The rate cut of 0.25% was announced on March 16, 2025, following a 25 basis point drop in January of this year, which followed a 50 basis point cut in December…

Tax season is upon us. Gathering your T-slips and receipts to start crunching the numbers can be anxiety inducing. If you think you might owe money, getting an early start can help soften the blow. Regardless of your situation, knowing the tax brackets helps you prepare. Read More: Find the best tax software to help…

A few months into 2025, and investors continue to navigate a complex financial landscape marked by both opportunity and uncertainty. Invesco’s Chief Global Market Strategist, Kristina Hooper, highlights key risks investors need to address going into 2025. Whether it’s inflationary pressures or market dynamics, investors who understand these challenges — and proactively prepare for them…

There’s no more popular time to bring a puppy home than in the spring. And puppy scammers know this, that’s why they’re popping up like daisies all over the internet. According to recent data from the Better Business Bureau (BBB), online pet scams have increased dramatically, with reported incidents doubling in Canada over the past…

In today’s turbulent economic climate, marked by President Trump’s recent tariffs on Canada, Mexico and China, concerns about a potential recession are escalating. As markets react to these developments, investors explore strategies to protect their portfolios. One such strategy involves inverse ETFs. What are inverse ETFs? Inverse ETFs, also known as bear or short ETFs,…

A homeowner can expect to pay expenses to maintain their home and the occasional surprise repair bill. Sure, you can expect that your roof and even landscaping is your responsibility. But what about your community water system? On top of that, you’re being asked to shell out $16,000? That’s the exact situation homeowners in a…

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…

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…