Canadians owe a staggering $2.5 trillion in household debt — here’s how to chip away and finally breathe free
Debt: Almost all Canadians have it. In fact, Canada’s Market Pulse Consumer Credit Trends and Insights Report found that consumer debt levels rose to $2.5 trillion at the end of hte first quarter of 2025 — a 4% year-over-year increase (1). TransUnion estimate that consumer debt, across all credit products, hit a record $2.5 trillion […]
Rising mortgage costs put Canadian homeowners at risk
A growing number of Canadians could face difficulties making mortgage payments when they renew their loans this year and next, according to the Canada Mortgage and Housing Corp. (CMHC). The housing agency says it is monitoring the situation closely as higher interest rates push monthly payments higher. “My overall expectation is that delinquencies and arrears […]
Relief at last: What the Bank of Canada’s new outlook means for your wallet — and how to take back control
The Bank of Canada’s latest Quarterly Financial Report, released mid-November, doesn’t grab headlines the way a rate announcement does, but it offers something just as important: a clear look at how the Bank sees the Canadian economy, the risks it’s watching, and what that means for your mortgage, your savings, and your financial stability heading […]
Canadian households pull back as spending slows in last half of 2025, RBC reports
Canadian consumer spending eased in August, according to RBC’s latest Consumer Spending Tracker, signalling that many households are trimming budgets and rethinking priorities. RBC’s total cardholder spending dropped by 2.2% month-over-month from July, while core retail sales (excluding automobiles and gasoline) posted just a 0.4% gain. This marks the third straight month of slowing growth […]
Crushed by student debt? Learn financial literacy (aka: money skills) that can set you free and build the future you deserve
For most young Canadians, the journey to financial literacy begins with pursuing a degree at a college, university, or technical school. This step into launching an adult life is also when many begin to take on significant debt. To illustrate, during the the 2022–2023 academic year, approximately 532,000 students received $3.1 billion in non-repayable Canada […]
Canadian grandparents feel rising costs as financial support cuts into retirement
Canadian seniors are feeling the squeeze of higher living costs and many are balancing the financial needs of their children and grandchildren with their own shrinking retirement security, a new report shows. The 2025 Aging and Affordability Insights Benchmark Report by Bloom Finance, released October 1st, compares survey data from last year and highlights how […]
I’m almost 50 and don’t have enough retirement savings. What should I do? Don’t panic. Here are 6 solid ways you can catch up
This article adheres to strict editorial standards. Some or all links may be monetized. Retirement planning is often seen as a distant concern — until it isn’t. In a recent post on X (formerly known as Twitter) that went viral, a 49-year-old confessed to having $0 savings for retirement and only $900 in their bank […]
A dozen tips and hacks every Amazon shopper should know
Everyone loves the convenience of online shopping, but Amazon must be doing something special to get this many people to commit to a $99 subscription. As of 2025, about 57% of Canadian adults subscribe to Amazon Prime (1) representing roughly 17 million Canadians. Part of the draw is the convenience. According to Queue-It, a leading […]
“Stupidest idea I’ve ever heard”: Kevin O’Leary torches Dave Ramsey’s marriage advice — advises women to do this 1thing
Fifteen years ago, only 3% of Canadians who were married or engaged had signed a marriage contract, or “prenup.” By 2022, this number had grown to 15% for U.S. couples, indicating an increasing awareness of how marriage affects personal finances and potential property division. Experts say the increase comes from a variety of factors, including […]
Best places to retire in Europe
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. For a lot of Canadians, retiring in Europe feels like the ultimate dream. Picture this: Sipping an espresso at a little café on a cobblestone street, soaking up that […]