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 […]
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 […]
Budget 2025 gives Bank of Canada room to steer recovery, explains BoC Governor Tiff Macklem
After months of economic turbulence, the message from Ottawa is one of cautious optimism — from both Parliament Hill and the Bank of Canada. Bank of Canada (BoC) Governor Tiff Macklem told Canadian senators in early November (1) that the country’s economic slowdown “is more than a cyclical downturn — it is also a structural […]
Hidden in plain sight: The Habsburg 137-carat Florentine Diamond that proves Canada’s banks are built on trust
A diamond that once glittered in the crowns of emperors resurfaced — and not in Vienna or Paris, but inside a secure Canadian bank vault. According to The New York Times (1), the 137-carat Florentine Diamond — a jewel of the Habsburg dynasty thought lost, stolen or recut more than a century ago — “has […]
When grief meets taxes: The $660,000 mistake you don’t want your family to make
Ashley Galea never imagined that losing both parents in the same year would bring not just grief, but also a six-figure tax bill that swallowed nearly all of their retirement savings. “It made me more angry than anything,” Galea told CTV News (1). “We lost both our parents inside 11 months and (the Canada Revenue […]
Costco Canada: Are the deals worth It? Canadians have their say
Grocery bills are eating up a sizeable portion of Canadian household budgets, and families are looking for every possible way to stretch their dollar. In 2023, the average household spent about $12,000 a year on food, according to Statistics Canada — roughly $1,000 a month when you include groceries and restaurant meals. Just keeping the […]
50% of Canadian pet parents avoid taking their pets to a veterinarian: study reveals
Half of Canadian pet parents say they’ve skipped or declined vet care for their pets, according to a PetSmart Charities of Canada-Gallup study (1). The biggest reason? Cost. But travel distance matters, too — the farther a clinic is, the more likely pet parents are to put off a visit. The research offers a first-ever […]
Car-free living: Ontario’s best transit-friendly neighbourhoods and hubs
Toronto’s subway and streetcar lines link up with GO trains and dozens of local bus systems, which means you can live in a quieter suburb outside of the city and still be at Union Station in time for your morning coffee. The TTC alone carries more than a million riders on a typical business day, […]
Canada Post strike threatens business bottom lines
Canada’s postal service is in the midst of an ongoing labour disruption that continues to affect businesses and consumers across the country. Since September 25, more than 55,000 postal workers walked off the job in a national strike, halting much of the country’s mail and parcel delivery. On October 10, the nationwide shutdown was replaced […]
A bitter cup: why your coffee is costing more
Coffee isn’t just a morning ritual — it’s a staple in Canadian daily life and wallets. As of 2024, Canadians spend roughly $504 a year on coffee outside the home, (1) making it clear that rising prices hit more than just the taste buds, they can also put a real dent in household budgets. By […]