Edmonton property developer owes $75M to former retirement residents but one thing is holding the company back from paying: How to avoid a similar nightmare
An Edmonton property developer, Christenson Group of Companies, is facing mounting financial troubles, leaving more than 200 former residents in financial limbo. The company owes approximately $75 million to individuals who had invested in life-lease contracts at nine retirement homes, according to a CBC News story. “Hope has certainly been waning,” Jim Carey, president of…
Canadian small businesses’ confidence is at an all-time low amid US trade tensions
A lot of Canadians are reasonably on edge lately, with US president Donald Trump’s continued talk of annexing Canada and various tit-for-tat tariff threats lobbed back and forth across the border. That tension has been reflected in Canadian businesses, with the Canadian Federation of Independent Business (CFIB)’s Business Barometer crashing to an all-time low in…
The best Canadian alternatives to American tourism destinations
As the trade war between the United States and Canada escalates, both Canadians and sympathetic Americans are searching for ways to support Canadian sovereignty with credit cards in hand. One of the best ways to do so is by buying Canadian — something we’ve covered before — and rebooking vacations in the US to Canadian…
I’m 67, retired and was bored out of my mind until I found a side hustle to keep myself busy while earning extra cash. Here’s how you can stay engaged in your golden years
After decades in the workforce, the prospect of a relaxing retirement might seem like paradise. Imagine waking up without an alarm, enjoying leisurely mornings and finally diving into all those hobbies you’ve dreamed about for years. Sounds perfect, right? But what happens when the novelty wears off and boredom creeps in? Picture this: Jake is…
US budget deficit surges past $1 trillion less than halfway through the fiscal year — how this can reflect on your finances
The U.S. budget deficit surged past the $1 trillion mark in February, less than six months into fiscal year 2025. According to the Department of the Treasury, the federal government so far has spent a $1.15 trillion more than it has collected since October. That’s about $318 billion more than in the same span last…
Invesco’s Chief Global Market Strategist highlights the 5 biggest risks investors need to consider heading into 2025
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…
Harvard announces free tuition for some students — and raises income cutoff for financial aid, says 86% of US families qualify. Here’s how assistance programs can impact college savings
Harvard is one of many colleges that have expanded financial aid for students. The change is set to take effect starting in fall 2025, for the 2025–2026 school year. According to the Harvard Gazette, the expansion will mean that approximately 86% of U.S. families now qualify for Harvard’s financial aid. Low to no college-related costs…
Ontario man left holding the bag on $62,000 car loan after co-signing for a friend
An Ontario man found out the hard way the responsibilities you take on when you co-sign a loan, and why it’s not a good idea to co-sign a loan for a friend. “I went in as a co-signer and I had no idea that this could happen,” Mississauga resident Shane Brown told CTV News after…
Hey gals, here are the worst mistakes you’re making with money
Ladies, we can be truly savvy with our dollars, especially when it comes to finding a great deal. Women are so good at managing money that 20% of Canadian spouses relied solely on their female partner to set and follow the household monthly budget, according to survey released in 2023 by Loans Canada, the nation’s…
Dating in Canada: 3 cheap date ideas, plus tips for planning affordable third date ideas
Dating in Canada is hard and making it to the third date is a big deal. Ask any experienced dating app user — where a simple swipe right or left can make or break a budding romance. For single Canadians, making it to the third date adds a bit of pressure — for the expectation…
