Canadians need to pay $150 or more in exit fees just to leave their bank — TD Bank is the latest to hike transfer-out fees
TD Canada Trust quietly announced it will double its Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA) transfer-out fee — from $75 to $150 per account — starting July 1, 2025. And they’re not alone. RBC made a similar move in 2022, upping their fee from $50 to $150, and Tangerine bumped theirs […]
American Express tops credit card mobile app satisfaction study for third straight year
For the third consecutive year, American Express has secured the top spot in J.D. Power’s Canadian Credit Card Mobile App Study, widening the gap between itself and competitors even as the digital banking landscape increasingly resembles a sea of sameness. Amex tops J.D. Power’s mobile app survey across all categories American Express Canada’s mobile app […]
Greedflation taking a bigger bite out of Canadian food budgets, new report finds
While Canada’s inflation rate has cooled to pre-pandemic levels, food prices continue to soar, and a new report suggests the real culprit might not be inflation at all, but something more opportunistic: Corporate greed and tariff-driven price hikes disguised as necessity. Food prices keep rising even as overall inflation cools A deep dive by Money.ca […]
‘We no longer felt welcome’: Canadian snowbirds spooked by Trump’s rhetoric flock to sell their second homes in the US — how a rush to sell could impact some local housing markets
Tracy and Dale McMullen are Canadians who had a vacation home in Buckeye, Arizona, for five years until they sold it in April. The couple typically spent four to five months a year in the U.S., but now say they don’t plan on returning anytime soon. “We decided to sell the property after the current […]
‘I have no money now’: This retiree sunk nearly her ‘entire life savings’ into a half-built house in Florida that her bankrupt builder won’t finish — and she’s not alone
Some homebuyers in Citrus Springs, Florida, are in shock after the Van Der Valk Construction company filed for Chapter 11 bankruptcy in April, leaving many homes unfinished. The Citrus County-based company is leaving many homeowners, mostly retirees, holding the bag financially. Don’t miss I’m 49 years old and have nothing saved for retirement — what […]
‘I hope she gets what’s coming for her’: NYC women speak out after influencer took thousands from them for specialized training course — and then vanished. How to avoid a similar situation
In a New York minute, three women looking to bolster their aesthetician careers lost more than $3,000 each when a highly promoted makeup course vanished overnight, along with the influencer behind it. Marley Matamoros, Ashley Landin and Michelle Echeverry, all from New York, paid their money to take an unlicensed course led by Miami-based TikTok […]
Don’t get scammed: How to spot financial MLMs and fake “get-rich-quick” schemes before they drain your wallet
Between rising interest rates, a shaky stock market and the threat of a trade war with the US, it’s no surprise that financial uncertainty has instilled fear in people in recent years. And unfortunately, this financial uncertainty makes people more vulnerable to falling for get-rich-quick (or “quicker”) schemes in times of need. More specifically, multi-level […]
Protect up to $800K from inflation: Why Canadians are moving fast on high-interest savings accounts
Knowing where to put your savings can be a struggle. Investing can lead to high returns, but make it harder to access your cash in a pinch. And on the other hand, while your standard savings account is always accessible, interest rates can be low. If you’re looking for low risk, but hoping for some […]
Summer 2025 could be Canada’s hottest, riskiest yet — here’s what you must do now to stay safe, breathe easy, and protect what matters most
Canadians, brace yourselves: Summer 2025 is expected to be hotter than normal across most of the country — and with heat comes a higher risk of wildfires, poor air quality, and unpredictable weather swings. In the latest report from the Environment and Climate Change Canada (ECCC), Canadians are getting a preview of what to expect […]
Canadians cut US travel by 40% as tariffs spark boycott movement
Last month, the number of Canadian vacationers in the United States experienced a significant decline, with bookings dropping by 40% compared to the previous year, according to Flight Centre Canada. This downturn is largely attributed to U.S. President Donald Trump’s imposition of tariffs on Canadian goods and his contentious remarks about annexing Canada as the […]