powered by Saving money has become more challenging as everyday costs rise. With inflation affecting prices across the board—groceries, housing and services—many Canadians are taking steps to protect their purchasing power. A 2023 report from Rakuten found that 87% of Canadians are using cost-saving strategies to manage rising expenses. One effective approach is to park … Read more

Canadian cannabis stocks surged sharply Tuesday afternoon after The Associated Press reported that the U.S. Drug Enforcement Administration intends to propose reclassifying marijuana as a less dangerous drug under federal law. The news was widely viewed by investors as a potentially significant step toward easing the federal legal restrictions that have long constrained the U.S. … Read more

The Canadian economy lost momentum after a strong start to the year, strengthening economists’ view that the Bank of Canada (BoC) is likely to begin cutting interest rates in the coming months. Statistics Canada reported on April 30 that real gross domestic product (GDP) rose 0.2% in February, following a 0.5% increase in January. What … Read more

Some Indigenous communities in northern Alberta view the Trans Mountain pipeline expansion as a potential turning point in their relationship with Canada’s oilsands industry. The $34-billion pipeline, running from Alberta to the British Columbia coast, promises improved access to export markets for oilsands producers. Industry forecasts expect oilsands output to reach record levels this year, … Read more

Studying in Canada can be a life-changing opportunity, offering academic, personal and professional growth. Canada’s universities and colleges attract many international students—over a million were enrolled in 2023, an increase of 27% from 2022. At the same time, the federal government has recently capped the number of new undergraduate study permits for the next two … Read more

Ask MoneySense My husband and I retired last September. We have moved into a condo and are now travelling. Enjoying life but I’m concerned about his RRIF. My husband turns 71 in June 2025. So, I understand we can contribute to his RRSP for 2025 before he turns 71 and claim the contribution for the … Read more

Soaring auto insurance rates are putting pressure on motorists and adding to overall inflationary concerns. In March, American auto insurance prices rose 2.6%, and they are up about 22% compared with a year earlier. Premiums have climbed steadily since 2022, even as consumer inflation eased from its mid-2022 peak of 9.1%. Many U.S. households have … Read more

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, summarizes this week’s financial headlines and explains what they mean for Canadian investors. Google starts paying out Big technology companies dominated headlines this week, but for very different reasons. Several major firms reported quarterly results that moved markets and highlighted … Read more

The Wise card is a useful addition to the services offered by Wise (formerly TransferWise), but it includes a few quirks worth knowing before you travel. This review explains how the card works, where it shines, and where it can frustrate users so you can avoid surprises and keep your transaction costs low. Is the … Read more

Where should you take your car for maintenance and repairs: the dealership, an independent repair shop, or somewhere else? The best choice depends on several factors: what’s wrong, how old the vehicle is, whether it’s a hybrid or electric, where you bought it, whether it’s still under warranty, and whether the issue is part of … Read more