Punished for being poor: One man calls NSF fees a “poverty tax” and Redditors have thoughts
It started with a Reddit post. User u/Important-Day-8936 shared their frustration with being charged over $1,000 in non-sufficient funds (NSF) fees within a year. “Not because I was irresponsible,” they wrote, “but because I was/am still financially struggling.” "NSF fees are a poverty tax," the redditor declared, "and I’m done staying quiet." Their post hit […]
Think you’re safe? Canadians lose millions to credit card errors — here’s how to fight back
I have a confession to make. I’m among that rare breed of credit card user that you’ve heard about but never really believed exists. That’s right: I’m a credit card statement confirmer. Every time I get a credit card statement, I dig out the receipts I carefully put aside each month and check each and […]
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 […]
Electric vehicles cost nearly 37% more to insure than gas cars, Surex study finds
A new survey from Canadian insurance marketplace Surex shows that drivers choosing electric vehicles (EVs) are paying a steep premium when it comes to coverage. The study, based on more than 12 months of Surex insurance quotes, found the average annual premium for a gas car to be $2,289.27 compared with $3,131.43 for an EV. […]
Bread scandal payout: What every Canadian shopper needs to know to get their slice of the $500M settlement
For more than two decades Canadians paid more for a staple food than they should have. Now, years after the bread price-fixing scandal first came to light, consumers are finally being offered compensation through a historic $500 million settlement. A half-baked scheme that lasted for years The bread price-fixing scheme stretches back to 2001 and […]
Simons steps into Eaton’s shoes as Canadian department store legacy gets a second act
Hudson’s Bay has shuttered stores and Nordstrom has exited the Canadian market. Meanwhile, one family-run brand is moving in. Quebec-based La Maison Simons is set to expand into some of the most coveted department store real estate in the country, reviving a model many had written off. By late 2025, Simons will open a flagship […]
Alberta woman says her recent vacation cost her $100K after a sudden medical emergency. Here’s how travel insurance can protect you from unforeseen costs
Insurance is one of those purchases that can feel like a necessary evil. After all, you’re paying money to cover you in case a rare incident happens. But for Alberta native Dione Amundson, her travel insurance may end up saving her around tens of thousands in medical bills. Amundson and her son traveled to Japan […]
One tech firm says Air Canada owes passengers more than $66 million in compensation for strike-related inconveniences — but Canadian laws could make getting that money difficult
After reaching an impasse in negotiations between the Air Canada component of the Canadian Union of Public Employees (CUPE), a 72-hour strike notice was given on August 13. Three days later, over 100,000 Air Canada employees walked off the job in protest. Though it has been over a month since the strike concluded, the effects […]
High interest rates aren’t stopping Canadians from crushing their credit card debt — here’s how they’re doing it
In a country where grocery bills keep rising and mortgage payments eat into paycheques, Canadians are fighting back — one credit card payment at a time. A new Money.ca reader poll shows that nearly 90% of Canadians pay their credit card balances in full every month, proving that even in an age of record debt […]
Young Canadians investing on instinct as emotions drive market decisions, CIBC poll finds
Nearly half of young Canadian investors are relying on gut feelings rather than data when choosing where to put their money, according to a new survey from CIBC Investor’s Edge. The recent poll found 45% of Gen Z and Millennial investors base decisions more on instinct than analysis, highlighting how emotions are shaping Canada’s investing […]