US employers cut more than a million jobs this year, a sharp rise compared to 2024. Is the weak job market here to stay?
Forget ghosts and ghouls this fall: October’s job cuts are what’s really spooking economists. Research from the executive outplacement firm Challenger, Gray & Christmas reports 153,074 job cuts across U.S. industries this October, the worst report in over a decade. For context, that’s 175% higher than October of last year and 183% above last month. […]
Here are the 5 big Social Security changes for 2026. They’ll impact seniors collecting checks and those about to receive them. What you must know
Every October, the Social Security Administration (SSA) announces changes and modifications to its system that impact millions of Americans. This year’s announcement includes five major updates that impact not only the roughly 70 million current beneficiaries but also those who will soon get their first checks as well as the more than 185 million workers […]
Central Florida ‘wash-out’ dumps 19 inches of rain, flooding homes and roads in this 1 county. Here’s how to prepare before climate disaster hits you
A devastating downpour in central Florida dumped nearly 19 inches of rain in just a few hours this week, washing away roads, flooding homes, and leaving entire neighbourhoods underwater in Lake County, north of Orlando, according to local NBC affiliate WESH 2. The flooding was so severe that parts of Mount Dora and Eustis were […]
My parents — who declared bankruptcy when I was 10 — want me to lend them $30K to open a restaurant. They swear they’ve changed. What should I do?
Loaning money to family can be a minefield for both your relationships and your financial future. But what if your parents ask for a loan? Should you consider it, or is loaning money to family always a bad idea? That’s the question Sam, 25, is facing. Must Read Thanks to Jeff Bezos, you can now […]
Flat investment fees promise clarity — but could end up costing you more than you think
I recently received a letter from my financial advisor telling me that some of my accounts are moving from a tiered-fee rate to a flat-fee rate structure starting Jan. 1, 2026. I’m sure I’m not the only Canadian who received the notice, and it got me thinking about what this change really means for us […]
My wife and I could only afford to put 5% down on a new $400K home this year — now that we’ve come into cash, should we throw it all at our mortgage?
Imagine this hypothetical situation: Greg and Maya are in their early 30s and recently made a significant financial move: They bought a new $400,000 home, but only put down 5%. At the time, they hadn’t yet sold their previous home — a decision that left them with a $380,000 mortgage at a steep 7.5% interest […]
I replaced my mother-in-law’s roof without a contract — but then she stiffed me for nearly $20K. What are my options?
Jason, a licensed builder, agreed to replace his mother-in-law’s roof for $20,000, after it was damaged in a serious storm. But he didn’t bother to draw up any paperwork to formalize the job. After all, this was family. Moreover, he knew she had filed an insurance claim that would cover most of the bill. But […]
Health-care costs for Canadian families climb to $19,000 in 2025, Fraser Institute warns
A Canadian family of four will pay an estimated $19,060 in public health-care costs this year, according to a new report from the Fraser Institute. The think tank says the figure reflects the real burden households shoulder through taxes, even if Canadian health care services are ‘free’ at the point of use. The report, released […]
Are you ready for your first year of retirement? Here are 5 things you might not see coming, but you need to be ready for
This article adheres to strict editorial standards. Some or all links may be monetized. You prepare for retirement your whole life — maybe as far back as your teenage years and your first paycheck. You put cash aside. You invest. You live within your means, and when the time comes, you downsize. So are you […]
How financially stable am I? You’re doing better than most if you check off just 1 of these 3 boxes
It’s easy, and fairly common, to feel like you’re lagging behind everyone else when it comes to finances. According to a 2025 Leger survey for the Financial Consumer Agency of Canada, 52% of Canadians say they feel “behind” where they expected to be financially, while 1 in 4 (25%) say they feel “significantly behind” because […]