Statistics Canada’s midsummer update showed that disposable income rose across all income groups in the first quarter of 2025. Higher earners saw the biggest gains—around 6% to 7%—while the lowest earners recorded a rise of roughly 3.2%. Those increases outpaced the 2.3% inflation rate at the time, offering a welcome boost to household finances early … Read more

Inflation rose notably in September, Statistics Canada reported Tuesday, driven largely by year-over-year changes in gasoline prices and continued upward pressure on groceries. Annual inflation accelerated to 2.4% in September, up from 1.9% in August and slightly above most economists’ forecasts. The shift reflects smaller year-over-year declines in gasoline and persistent price gains in food … Read more

The down payment for your home is ready, and the day has finally arrived for you and your partner to meet with a mortgage adviser. But something isn’t right. When the adviser runs a credit check, your joint report returns a surprise: significant outstanding debt in your partner’s name. The mortgage adviser can no longer … Read more

Ask MoneySense I am 64 and retirement is coming up soon. Not sure exactly when. I took my CPP at 60, and will take my OAS June of 2026. I have no private pension plan and limited RRSP ($50,000). My dilemma is do I sell my condo (no mortgage) as I will not be able … Read more

Gold prices have surged. As of October 17, the spot price of gold stood at CA$5,928 per ounce—about US$4,227—driven by what market commentators call the “debasement trade.” In short, investors are responding to long-term macroeconomic pressures: prolonged loose monetary policy, rising U.S. debt, and the gradual erosion of purchasing power in many paper currencies. When … Read more

In the fall of 2019, worrying patterns began to appear in my father that would change my life. At first it was small things — confusing calls about letters from creditors that turned out to be bills he had forgotten for months. Then he failed a mandatory cognitive screening required to renew his driver’s licence … Read more

Cenovus-MEG Energy Parkland-Sunoco Cineplex Cenovus Energy increases stake in MEG Energy to 9.8% Cenovus Energy Inc. (TSX:CVE) has increased its holding in MEG Energy Corp. (TSX:MEG) to 9.8%, acquiring approximately 3.28 million additional shares to bring its total to 25 million MEG shares. Cenovus has made a friendly takeover offer for MEG that values the … Read more

Canadians send billions of dollars overseas each year, and a significant portion of that amount is lost to fees. Despite more providers and improved competition driving fees down in some corridors, the World Bank estimates an average cost of about 6% — roughly $12 to send a typical $200 remittance from Canada. At the same … Read more

Losing a spouse is devastating. Losing access to the family’s savings on top of that can be crushing—and it happens more often than many Canadians expect. Imagine waking up after your partner’s death to find a $400,000 investment account frozen. Weeks and months pass while the estate goes through probate, thousands of dollars in fees … Read more

For Canadians who want to deepen their understanding of money beyond the basics, finding reliable, no-cost learning options can be difficult. While paid personal finance courses are common, there are many excellent free or low-cost programs that teach practical skills for Canadians—if you know where to look. Below is a curated list of the best … Read more