Canadians are worried current market volatility will impact their future financial independence
Invest, save and then invest some more. This is the advice many Canadians receive when seeking a financial plan – the specifics of the investments and savings notwithstanding. But current market volatility may be putting somewhat of a damper on those thoughts of financial independence. Almost half (48%) of all respondents in the annual RBC […]
Canadian cross-border travel hits pandemic lows as costs and concerns rise
Cross-border trips from Canada to the United States hit a pandemic low in February, according to new data showing a sharp decline of nearly 500,000 travelers compared to last year. In February 2025, Canadian travel to the US dropped by 235,000 trips, according to CBP data, marking the steepest year-over-year decline. This trend comes on […]
Charles Barkley says he was an ‘idiot’ when he first got rich, owned 3 or 4 luxury cars — then Dr. J gave him a reality check. Here’s how America’s car obsession is driving us broke
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Former NBA star Charles Barkley shared in a recent interview with Shannon Sharpe on the Club Shay Shay podcast that it took a reality check from his mentor, Dr. […]
Retired at 67 with a $3 million portfolio and a paid-off house. Is it worth the cost to get a financial planner to ensure our nest egg will last?
A 2024 CPP Investments survey found that Canadians think it will take $900,000 to retire comfortably, a 29% increase from the year prior. But a 2024 Statistics Canada report revealed that the median nest egg that Canadians have saved for retirement is $573,040. So clearly, the typical retiree has a large gap to overcome. If […]
Hitting back with a vengeance: Toronto halts Tesla EV incentives amid US trade tensions
Toronto has ceased offering financial incentives for Tesla vehicles used as taxis or ride-sharing services, effective March 1, 2025. This move is part of the city’s broader initiative to promote electric vehicle (EV) adoption by reducing licensing and renewal fees for EVs until the end of 2029, aiming to lower emissions. Trade tensions influence policy […]
New report calls for Canada to double its non-market housing
Canada’s housing crisis continues to persist, sparking countless debates on how to resolve it. One proposed solution is expanding non-market housing — housing that is publicly funded, cooperatively owned or offered at below-market rates to ensure affordability. A recent report from the National Housing Council recommends doubling the country’s supply of non-market housing to help […]
7 ways to invest with little money and get big returns
Let me share a secret: you don’t need to be rolling in dough to start investing. Some wealth managers prefer clients who have six (or seven!) figures to invest. But guess what? Times have changed and technology has opened the door to DIY investing. You can easily start investing without a sizeable sum or a […]
I’m 57, divorced and make $170K/year, but only have $60K in an RRSP. I help my mom and kids financially, and don’t feel like I’ll ever be able to retire. Is there any hope?
Saving for retirement throughout your career is important, but it doesn’t always happen for everyone — especially if you’ve been through some challenges in your life, like a divorce. If you’re 57 and working full-time making $170K, you’re earning more than most people in your position. According to Statistics Canada the median annual income was […]
I’m 63 years old, have $800K in savings and I was all set to retire in four months — but now I’ve just got a fantastic new job offer. Should I take it or stick to my plan?
Making the decision to retire is a big deal, and signifies a major lifestyle change is coming. Let’s say you’re just four months away from your planned retirement, odds are you’ve been gearing up for this next stage and getting everything in order to enjoy your life of leisure for a while now. You’ve got […]
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 […]