Extreme weather takes growing toll on commercial insurance sector
Canada faced one of its most expensive years for insured losses in 2024, with severe weather wreaking havoc on both homes and businesses. While homeowners bore the brunt of the damage, commercial properties also suffered massive losses, pushing the total insured damages to over $1.7 billion — the second-highest in the country’s history. "Thousands of […]
They risked everything for an affordable home — now they’re broke and homeless. Don’t let the dream of homeownership turn into a nightmare
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 […]
Tariff turmoil: Alberta drivers slammed by soaring insurance costs tied to U.S. trade war
President Donald Trump’s tit-for-tat tariff war has led to innumerable impacts, not all of them obvious. For instance, virtually no one predicted how the on-again-off-again U.S. tariffs would impact Alberta’s insurance market. Sadly, that’s exactly what has happenened. The Insurance Bureau of Canada (IBC) recently commissioned Deloitte to undertake an analysis on the impacts of […]
How to choose the best student credit card in Canada
Choosing the right student credit card is an important step for Canadian post-secondary students looking to build credit and manage expenses. With the right card, you can not only establish good financial habits but also earn rewards such as cash back and discounts that support your student lifestyle. Here’s how to find the best student […]
‘I sued the state of Missouri’: This man bought a trailer on Facebook Marketplace — but he says when he went to get the title, he was told ‘the only way’ to do that was to sue the state
Ben Shakman, a Wildwood, Missouri resident, purchased a trailer on Facebook Marketplace for $3,500 years ago and thought all was fine. Don’t miss I’m 49 years old and have nothing saved for retirement — what should I do? Don’t panic. Here are 6 of the easiest ways you can catch up (and fast) Robert Kiyosaki […]
Canadians experiencing ‘fraud fatigue’ after targeted scams
Have you ever nearly been convinced by an email, text or phone call that you needed to click a link or share private information? The deluge of messages, virtual or otherwise, that Canadians receive can sometimes make it easy to slip in our vigilance against fraud. A new RBC poll finds 98% of respondents have […]
Ontario landlord hit with $100K fine for wrongful evictions: How this happened and what your rights are as a tenant
Darlene Wesley was by all means a good tenant. The senior from Hamilton, Ontario had never missed a rent payment to her landlord for over two decades. But, despite her virtues, she lost her residence due to an illegal renovation. In February of 2023, Wesley and three other tenants were evicted out of their residences […]
85 million TikTok views say Dave Ramsey’s advice is outdated — young Canadians refuse to sacrifice to get out of debt
Dave Ramsey has fervently preached financial advice to North Americans for decades — but younger generations are now slamming the white-bearded radio host for offering counsel that doesn’t quite account for the current cost-of-living crisis. One frothy example is Ramsey’s repeated attacks on those who spend money to buy their daily cuppa Joe. In a […]
At 65 and set to retire with $357,000 in the bank: How much money can you comfortably spend each year?
John spent the last 30 years working. Unfortunately, he didn’t save. To be honest, John only started saving over the last 15 years. Despite some obstacles, John managed to put away approximately $357,000. Now he’s a year away from celebrating his 65th birthday and he wants to know: Can I retire? John isn’t alone. Across […]
Cotton candy, concerts and cash flow: The surprising financial power of Canada’s biggest fairs and festivals
In a country known for its long cold winters, summer in Canada feels like a reward. As the snow melts and daylight stretches into the evening, cities and towns across the country come alive — and nowhere is that energy more palpable than at the local fairs and festivals. From Toronto’s waterfront midway to Calgary’s […]