If you’ve struggled with debt — as many people do — you may have been advised to make a plan to pay it off. But what does a practical, achievable plan look like? This article walks you through a clear, step-by-step approach: understand your debts, explore tools and strategies to reduce them, build a budget … Read more

Mortgage rates have risen again, and housing markets across Canada are feeling the impact, according to the latest affordability data from Ratehub.ca. The June edition of the monthly study found affordability worsened in 12 of 13 major urban centres as borrowing costs climbed. The report combines monthly real estate statistics from the Canadian Real Estate … Read more

A wave of new discount-format stores helped drive higher profit at Loblaw Cos. Ltd. in the second quarter, as more shoppers seek lower-priced alternatives and private-label options. Chief executive Per Bank said the shift toward discount retail is a durable trend that the company expects to continue, and Loblaw is positioning itself to lead the … Read more

As the cost of living rises in Canada, more households are relying on credit cards to cover everyday expenses. By Q4 2024, total credit card debt in Canada topped $124 billion, while delinquency rates rose even as average monthly card spending fell, according to TransUnion. Credit card balances can be costly—annual interest rates commonly range … Read more

Exchange-traded funds (ETFs) have surged in popularity, and many investors now build entire portfolios using only ETFs. That approach can work well, but it requires attention to what each ETF actually holds so investors do not unknowingly concentrate their risk. Financial advisers say allocating a portfolio entirely to ETFs can be a sensible strategy, provided … Read more

The wealth gap in Canada reached a record high of 49% in 2025, according to new data from Statistics Canada. This is the largest disparity since the agency began publishing comparable figures in 1999. Households in the top 20% now own more than two-thirds of national wealth, averaging about $3.4 million per household, while the … Read more

Rogers Communications Inc. says it expects to uncover both revenue and cost synergies across its expanded sports holdings after becoming the majority owner of Maple Leaf Sports & Entertainment (MLSE). The Toronto-based telecommunications company told investors that it believes the market undervalues its media and sports assets and that it is “pursuing all options … … Read more

Canadian National Railway Co. (CN) reported a slight rise in profit for its second quarter compared with the same period last year, but said ongoing trade uncertainty has made it difficult to provide a reliable financial outlook. The Montreal-based rail operator announced on Tuesday that it is withdrawing its previously issued 2024–26 financial guidance because … Read more

When was the last time you paid for something with cash? For many Canadians—especially younger generations—that may take some thought. Canada has steadily shifted toward digital payments, with most purchases now made by smartphone or credit card. Still, deciding whether to carry cash and how much to bring remains an important consideration when travelling internationally. … Read more

A new report from the Ontario Securities Commission (OSC) highlights a growing trend: more Canadian investors are turning to social media personalities—often called “finfluencers”—for financial guidance. As these creators publish content about saving, investing, retirement planning and wealth building, regulators and investors alike are weighing the benefits and the risks of relying on informal online … Read more