Bank of Canada deputy governor Carolyn Rogers recently warned that Canada’s weakening productivity could push inflation higher and hold wages flat. She used a vivid metaphor: imagine a sign above a fire extinguisher that reads, “In case of emergency, break glass.” Her message was clear: it’s time to break the glass and act. Productivity matters … Read more

The challenge of making your home a safer place has existed as long as humans have lived together. From mastering fire and domesticating dogs to building walls, moats and castles, people have pursued many approaches to protect their families and property. In modern times, home security began turning electronic in the 1960s, when surveillance cameras … Read more

Lower gasoline prices likely helped slow U.S. consumer inflation in May. When the government releases its latest monthly price report on Wednesday, investors and Federal Reserve officials will be watching especially closely the measure that excludes volatile food and energy prices—commonly referred to as “core” inflation. Core inflation and the pressure of rising costs Economists … Read more

Dollarama Inc. (DOL/TSX) has increased its ownership in Latin American discount retailer Dollarcity to 60.1% after acquiring an additional 10% stake. The Montreal-based company said the purchase was completed through an exchange of 6,060,478 Dollarama common shares, a package valued at roughly $761.7 million based on Dollarama’s share price of $125.68 on the day of … Read more

Canada’s banking landscape is shifting again as National Bank of Canada has agreed to acquire Canadian Western Bank in an all-stock transaction that values the target at roughly $5 billion. The move marks another step toward greater consolidation in the sector and extends National Bank’s reach well beyond its traditional stronghold in Quebec. Under the … Read more

Buying a new house or finding a great apartment is exciting—what’s less enjoyable is organizing the actual move. Moving takes planning, coordination and money, especially when you’re relocating to a different city or province. Including moving expenses in your budget when you buy a home or sign a lease is essential. Understanding how movers charge … Read more

From cold plunges to antiaging regimens, wellness is front of mind for many Canadians in 2024. That same focus on self-care is shaping how people manage their money: “no-spend” challenges, loud budgeting on social media and other money trends are everywhere. But before we treat every financial habit as a “wellness investment,” it’s worth stopping … Read more

Building a solid financial foundation in your early 20s can shape your financial future for decades. Below are 25 practical money moves to help you take control of your finances before you turn 25. Each step focuses on sensible habits, smart accounts, and small actions that compound into long-term stability. 1. Open a TFSA A … Read more

If your day isn’t complete without at least one cup of coffee, you’re far from alone. In July 2023 Canada imported more than 15 million kilograms of green coffee beans and another 5 million kilograms of roasted coffee. According to the Coffee Association of Canada, about 71% of Canadians drink coffee every day. Those figures … Read more

Income tax rules are always changing — sometimes with little warning and often in ways that create uncertainty for Canadians. In the past year, for example, last-minute announcements from the Department of Finance altered reporting obligations for the underused housing tax (UHT) and for bare trust filings. Reporting requirements for the UHT were significantly reduced … Read more