Canadians owe a staggering $2.5 trillion in household debt — here’s how to chip away and finally breathe free
Debt: Almost all Canadians have it. In fact, Canada’s Market Pulse Consumer Credit Trends and Insights Report found that consumer debt levels rose to $2.5 trillion at the end of hte first quarter of 2025 — a 4% year-over-year increase (1). TransUnion estimate that consumer debt, across all credit products, hit a record $2.5 trillion […]
5 big things that disappear after you retire in Canada: Are you prepared?
This article adheres to strict editorial standards. Some or all links may be monetized. Retirement is often seen as the long-awaited reward after years of hard work. The daily grind of morning alarms, office politics and stressful commutes finally come to an end, regaining full control over your time and how you spend it. While […]
As housing prices keep homeownership out of reach for many Americans, here’s how some are making it work — plus how you can invest in the market
This article adheres to strict editorial standards. Some or all links may be monetized. Charly Bass-Davis moved to Wilmington, Delaware, when she was 10 years old. At the time, there were thriving businesses and a solid sense of community. However, her neighborhood began to decline as housing prices rose, leaving many homes vacant. A former […]
New U.S. rule could cost Canadian snowbirds up to $900 a year
For a typical Canadian couple, new U.S. border rules could add $250 to $900 a year in extra costs — covering document preparation, travel delays and cross-border tax advice — before they even unpack their bags in Florida or Arizona. The new U.S. rule was announced in March and went into effect on April 11, […]
Couple just had first child and one spouse wants to be a stay-at-home parent — but not sure if it’s wise to temporarily cut RRSP contributions to make it work?
Having your first child is a life-changing event. Suddenly you’re responsible for another person’s well-being and that can prompt major lifestyle changes — including the decision for one parent to stay home full-time. For many families, the financial strain of child care forces this decision to the forefront. For many Canadian families the cost of […]
Are you finally rich in America? Here are the top 5 reasons you should tell absolutely no one (not even your closest friends)
This article adheres to strict editorial standards. Some or all links may be monetized. If you’ve managed to accumulate some wealth, showing it off can often be tempting. After all, what’s the point of success if you can’t indulge in it? Must Read Thanks to Jeff Bezos, you can now become a landlord for as […]
Crushed by student debt? Learn financial literacy (aka: money skills) that can set you free and build the future you deserve
For most young Canadians, the journey to financial literacy begins with pursuing a degree at a college, university, or technical school. This step into launching an adult life is also when many begin to take on significant debt. To illustrate, during the the 2022–2023 academic year, approximately 532,000 students received $3.1 billion in non-repayable Canada […]
Trump-appointed Federal Reserve governor breaks ranks with Jerome Powell — here’s why that matters for markets
The Federal Reserve lowering its benchmark interest rate to between 3.75% and 4% — their second rate cut this year — should have been the biggest news coming out of Wednesday’s Federal Open Market Committee (FOMC) meeting. But the 25 basis point cut was overshadowed by the fact that the decision yielded two dissents — […]
NY sisters who own a DQ franchise seeing ‘overwhelming’ support in wake of $6M labor law loophole case — and they’re not giving up their fight
An outpouring of community support for the “DQ Sisters” — Long Island siblings and Dairy Queen franchisees who were sued by a former employee over an obscure state labor law — is offering some sweet relief following their five-year ice cream headache. Patty DeMint and Michelle Robey are known in their Medford, New York, community […]
McDonald’s bets on McVeggie as fast food chains test appetite for plant-based menus in Canada
McDonald’s Canada is adding a new option to its menu: the McVeggie, a crispy vegetarian sandwich made with breaded patty, lettuce, tomato, pickles and sauce. The chain says it’s responding to growing demand for meat-free choices, particularly among younger Canadians. But the move comes with mixed signals from the broader industry. Other fast-food giants have […]