Crushed by tuition costs? Here’s how to choose the right loan — and save thousands after graduation
Deciding between a student loan or a line of credit is one of the most important financial decisions Canadian university and college students need to make. To put this in perspective, the average debt at graduation was $17,900 for college and $28,000 for a Bachelor’s degree in 2022, according to Statistics Canada. Rising tuition and […]
Cheers to that: Ontario is slashing booze taxes just in time for the August long weekend
Whether you’re sipping gin on the dock, cracking open a craft brew at a backyard BBQ or stocking up on coolers for the long weekend, Ontario has something to cheers to on August 1 that could give both your wallet — and the provincial economy — a boost. How did we get here? A budget […]
Small farm, big demand: New Brunswick Wagyu can’t cross borders
Jessica Frenette, owner of Bird’s Hill Farms in New Brunswick, raises full-blood Japanese Wagyu beef that has food lovers across the Maritimes clamouring to buy. But even with eager customers in Nova Scotia, Prince Edward Island and Newfoundland, she cannot sell her product outside New Brunswick. “We are not able to send them our product […]
Bank of Canada cuts rate to 2.50% — what this means for your mortgage and housing costs
Canadians hoping for more relief on borrowing costs finally got their wish as the Bank of Canada announced a rate drop on its target rate on September 17, 2025. The BoC dropped its overnight rate by 0.25% — from a bank-to-bank lending rate of 2.75% to 2.50%. This is the first cut the BoC has […]
I’m 65, tired of working and have very little savings — is it possible to live off CPP alone? Yes, but you’ll need to make these 3 big sacrifices
If you plan on retiring and rely primarily on the Canada Pension Plan (CPP) you may have heard you will end up being perpetually cash-strapped. So, does that mean you should stay at your job? Learn to survive on noodles? Or work more to build up savings? To help you decide, you first need to […]
Half of respondents say it would take over $1,000 to sell their most prized collectible — or they wouldn’t sell at all
A recent Money.ca reader poll found that a majority of respondents would need a significant financial incentive — or none would suffice — to sell their most treasured collectible. Turns out almost 3 out of 4 Canadians (72%) said they’d sell their prized collectible for more than $1,000 or wouldn’t sell at all, shen asked, […]
Canadian businesses walk back fears of a recession, but challenges still persist
While Canadian businesses are dialling back their expectations of a recession, cost pressures, weak demand and trade issues are still big concerns, according to the Bank of Canada’s (BoC) latest Business Outlook Survey. The BoC Q2 2025 report shows some improvement in business sentiment, especially among exporters who are now less concerned about the impact […]
Bank of Canada cuts rate to 2.50% — what this means for your mortgage and housing costs
Canadians hoping for more relief on borrowing costs finally got their wish as the Bank of Canada announced a rate drop on its target rate on September 17, 2025. The BoC dropped its overnight rate by 0.25% — from a bank-to-bank lending rate of 2.75% to 2.50%. This is the first cut the BoC has […]
My wife and I just closed on our dream home — only to realize after all the bills are paid, we’re left with $200/month while she’s on mat leave. We have $80K in savings, but is it enough?
Picture this: A young couple has just closed on their dream home. They’re debt-free and have $80,000 in savings. The wife is on maternity leave and earning less than she would if she was working, and after crunching the numbers, they realize they’ll have just $200 left over each month after paying their bills. It’s […]
Bank of Canada holds rates again in July — here’s how to fight back against financial insecurity
The Bank of Canada hit pause again — holding the overnight rate at 2.75% on July 30, 2025 — leaving Canadians stuck in a high-cost limbo. For the second consecutive decision, the central bank opted to wait, as core inflation remains stubborn and U.S. tariff threats add more uncertainty to Canada’s economic outlook. While some […]