There’s little change on the horizon for interest rates as the Bank of Canada continues to sit in a holding pattern. In its July 30 announcement the central bank left the trend-setting overnight rate unchanged at 2.75%. Because lenders set their prime rates based on the Bank’s policy rate, the prime rate will also remain … Read more

Signs of resilience in the Canadian economy were enough for the Bank of Canada to keep its benchmark interest rate unchanged on Wednesday, while ongoing U.S. trade uncertainty remained a central consideration for policymakers. The central bank’s policy rate remains at 2.75% after the third consecutive decision to hold steady. Governor Tiff Macklem said the … Read more

Whether you’re planning a long international trip or an unforgettable cross-country Canadian holiday, the right travel credit card can be one of the most valuable items in your luggage. Travel cards let you earn rewards on everyday spending—flights, groceries, gas, dining—and often include travel protections and exclusive perks like lounge access, insurance and dining or … Read more

Losing your job is one of the most difficult setbacks many people face. To recover with clarity, experts recommend allowing time to process emotions, understanding your legal entitlements, and seeking professional guidance for both legal and financial matters. These steps can help you move forward with your career and finances. The experience of being laid … Read more

Ask MoneySense I have a question about TFSAs that I haven’t seen answered anywhere. Here’s my situation: in 2009 my husband and I both began contributing the full annual allowable amounts to our individual TFSAs. When my husband died in 2020, the balance in his TFSA was transferred into my TFSA (we had arranged for … Read more

The immigrant journey often demands grit and flexibility. Moving to a new country means taking risks, coping with uncertainty, and relearning everyday systems—especially when it comes to money. From culture shock to unfamiliar financial rules, the early years can be overwhelming. We moved to Canada in 2019 to give our daughter a different life—closer to … Read more

Canadians have access to a wide range of savings vehicles, tax credits and federal and provincial programs, yet many of these options go unused. Below is a clear overview of four important programs and tax measures that people commonly overlook, along with practical details on eligibility and how to apply. Canadian Dental Care Plan The … Read more

Owning a home brings many advantages, but it also comes with financial responsibilities. More than one million mortgages in Canada are set to renew in the coming years, and many homeowners will face higher interest rates when their terms end. A higher rate can increase what you pay over the life of your mortgage and … Read more

When Canadians look for a mortgage, many automatically turn to the large national banks, but credit unions offer a strong alternative worth exploring. In Manitoba and across Canada, credit unions frequently provide competitive mortgage rates, flexible product choices and a member-focused approach that can translate into real savings. Taking time to compare lenders can shave … Read more

Consumers are increasingly resistant to paying for features they once expected to be included, yet automakers continue to push subscription models for in-car hardware and software. Built-in capabilities — from advanced driver assistance systems and cameras to navigation perks and Wi‑Fi — are being packaged as recurring services, but early attempts to lock these behind … Read more