Many Canadians are simply unaware of the realities of tipping
Like it or not, the reality is that tipping is an important part of how service workers are able to earn enough money to try to make ends meet in Canada. While an H&R Block survey reveals strong support for tipping culture, there is not only a sense of fatigue among Canadians, the survey reveals […]
Learn how to get out of debt
Debt: almost all Canadians have it. In fact, Equifax Canada’s Market Pulse Consumer Credit Trends and Insights Report found that consumer debt levels rose to $2.5 trillion in the second quarter of 2024; this is a 4.2% increase since the second quarter of 2023. Card holders carry over $4,300 in credit card balance on average, […]
All this talk of tariffs and market volatility may have you thinking: If the stock market crashes, what’s an investor to do? Here are 3 things to be mindful of
The economic uncertainty caused by President Trump’s repeated threats of across-the-board tariffs on Canadian imports, alongside our nation’s retaliatory response, has been negatively impacting the Toronto Stock Exchange (TSX). Per recent Morningstar reporting, on March 4, the S&P/TSX Composite Index with a net loss of 429 points. A potential trade war with the US has […]
Think you need to ditch Ben & Jerry’s to ‘Buy Canadian?’ The home of some of your favourite brands may surprise you
Canada is home to many well-known brands and manufacturers, but some of the foods, drinks and clothing brands you may assume are made here actually come from elsewhere – and vice versa. With globalization and corporate acquisitions, the origin of a product isn’t always obvious, even if the brand has strong Canadian ties (or even […]
Are you a spender, saver, earner or ostrich? No matter your financial personality type there’s a budget for you!
If you’ve ever tried and failed to stick to a budget, the problem may not be with you but with your budgeting strategy. Different forms of financial management suit some personalities better than others — select the wrong one and you could find it difficult to stay on track. The different money personality types To […]
Crushed by costs: Survey reveals ‘cost of living in Canada’ now the top fear for households (just ahead of BoC rate decision)
Even as Canadians kick back and enjoy exploring their own country or relax into summer while soaking up sunshine rays, many are still struggling with the higher cost of living. As the Bank of Canada prepares for its next interest rate decision on July 30, 2025, a recent survey from Money.ca shows that nearly two-thirds […]
Grocery costs keep simmering as Canadians slash spending, switch brands, and brace for even leaner times
As the cost of living continues to take a larger bite out of most people’s budgets, many Canadians are being forced to make tough choices at the grocery store checkout. In a recent Money.ca reader poll, more than a third of respondents (35.8%) said they’re cutting back on non-essentials in an effort at dealing with […]
$10,000 question: How much are you willing to risk lending to family when the odds of payback keep shrinking?
A few years ago, your brother borrowed money to help pay for groceries for several months, and paid you back. But now, he finds himself short of cash again and you’re not sure whether you want to lend her more money. Wanting to help out a friend or family member when they’re in a financial […]
Is a rate cut coming in 2025? Here’s what to watch in the next few weeks and months
As inflation slows and consumer spending stalls, many Canadians are wondering when — or if — the Bank of Canada (BoC) will finally cut interest rates. While a rate cut at the next policy announcement on July 30, 2025, seems unlikely, experts are watching several key indicators to assess whether a move is coming before […]
Prime Minister Mark Carney’s $25B spending cuts set to collide with rising unemployment and fuel economic uncertainty
Prime Minister Mark Carney’s plan to slash $25 billion from annual federal spending has triggered widespread concern as the country grapples with rising unemployment and a weakening job market. Economists warn that the timing of deep public service cuts couldn’t be worse. Canada’s unemployment rate rose to 7.0% in May, the highest outside pandemic years […]