BoC holding rates in April 2025: Who wins and who loses with latest Bank of Canada rate announcement?
After seven consecutive rate cuts, the Bank of Canada (BoC) hit pause — holding its key policy rate at 2.75% on April 16, 2025 — as growing uncertainty around U.S. tariffs clouds the country’s economic outlook. Canada’s central bank chose not to issue its usual economic forecast, citing an inability to predict how trade tensions […]
With BoC rates holding steady amid global uncertainty, now’s the time to rethink your finances: 7 key ways to reshape your money decisions
The Bank of Canada (BoC) announced the second rate drop of 2025 — with a 25 basis point rate cut to its overnight rate. The rate cut of 0.25% was announced on March 16, 2025, following a 25 basis point drop in January of this year, which followed a 50 basis point cut in December […]
What are the income tax brackets for the 2024 tax year?
Tax season is upon us. Gathering your T-slips and receipts to start crunching the numbers can be anxiety inducing. If you think you might owe money, getting an early start can help soften the blow. Regardless of your situation, knowing the tax brackets helps you prepare. Read More: Find the best tax software to help […]
Invesco’s Chief Global Market Strategist highlights the 5 biggest risks investors need to consider heading into 2025
A few months into 2025, and investors continue to navigate a complex financial landscape marked by both opportunity and uncertainty. Invesco’s Chief Global Market Strategist, Kristina Hooper, highlights key risks investors need to address going into 2025. Whether it’s inflationary pressures or market dynamics, investors who understand these challenges — and proactively prepare for them […]
Buyer beware — How to protect yourself from online puppy scams
There’s no more popular time to bring a puppy home than in the spring. And puppy scammers know this, that’s why they’re popping up like daisies all over the internet. According to recent data from the Better Business Bureau (BBB), online pet scams have increased dramatically, with reported incidents doubling in Canada over the past […]
Trump’s tariffs, market chaos and the rise of inverse ETFs: How investors are hedging the storm
In today’s turbulent economic climate, marked by President Trump’s recent tariffs on Canada, Mexico and China, concerns about a potential recession are escalating. As markets react to these developments, investors explore strategies to protect their portfolios. One such strategy involves inverse ETFs. What are inverse ETFs? Inverse ETFs, also known as bear or short ETFs, […]
‘Going to be working until I’m 85’: Nevada residents are facing a whooping $1.3M HOA bill to fix their community’s failing water system. What happens if they can’t afford to pay?
A homeowner can expect to pay expenses to maintain their home and the occasional surprise repair bill. Sure, you can expect that your roof and even landscaping is your responsibility. But what about your community water system? On top of that, you’re being asked to shell out $16,000? That’s the exact situation homeowners in a […]
Can you pay CRA taxes with a credit card in 2025? Fees, risks, and better options explained
If you owe the taxman money this year, paying on time is the best way to avoid penalties and interest. As Canada’s tax law administrator, the Canada Revenue Agency (CRA) makes it easy to pay your taxes in a number of different ways — including by swiping your credit card. If you’re thinking about using […]
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 […]
FL remodeling company takes deposits on dream kitchens that evaporate into thin air — along with cash. How Tampa Bay homeowners are fighting back and what you can do to avoid contractor scams
You saved up for a kitchen reno. You decide to purchase cabinets from a local company with great reviews. You deposit thousands of dollars for the cabinets and installation. Then … crickets. That’s the situation Tampa-area homeowners find themselves in after forking over thousands of dollars to the local company One Stop Kitchen & Bath […]