Do US Tariffs Apply to Canadian Imports?

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Prime Minister Mark Carney said he “welcomes” the U.S. Court of International Trade’s decision to strike down President Donald Trump’s broad-based tariff actions that targeted most countries. On Wednesday, the court found that the president did not have the authority under the International Economic Emergency Powers Act (IEEPA) to impose the wide-ranging duties. The ruling … Read more

Bitcoin Price Surges to New All-Time High

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Welcome to the Canadian Crypto Observer. Financial journalist and author Aditya Nain provides insight on market-moving headlines to help Canadian investors navigate the cryptocurrency market. Could bitcoin continue to rise? On May 22, bitcoin (BTC) reached a fresh all-time high of $111,681 (U.S. dollars unless otherwise noted). That surge appears partly driven by a broader … Read more

Canadian Dental Care Plan Now Open to All Ages

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How to apply for the Canadian Dental Care Plan As of May 29, 2025, the Canadian Dental Care Plan (CDCP) — a federal program created to make dental care more affordable for Canadians without private dental insurance — is open to all age groups. The program has been rolling out access in stages during May … Read more

Canada EV Rebates: How to Claim Available Incentives

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A growing number of car buyers are interested in electric vehicles (EVs), but many are put off by higher sticker prices. Federal and provincial rebates in Canada can lower the cost of buying a new electric car, van or truck and can also help cover the expense of installing home or public chargers. This guide … Read more

Should We Draw Down My Spouse’s RRIF Sooner?

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Ask MoneySense My wife is currently withdrawing $24,000 a year from her RRIF, which has a balance of $510,000. She also receives Old Age Security (OAS), Canada Pension Plan (CPP) and a workplace pension of $22,000. She is 67 years old. My question is whether it would be wise to make larger RRIF withdrawals now … Read more

First-Time Homebuyers: Prepare to Make a Strong Offer

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A down payment is an important milestone for home buyers, but it’s far from the only requirement for a successful purchase. In Halifax, realtor Sandra Pike estimates that fewer than half of the buyers she meets are fully prepared to buy. Many have some of the necessary pieces—savings or intent—but lack the full set of … Read more

Missed Credit Payments Jump 4 Percent in Q1 2025

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There is a widening divide among Canadian consumers as economic uncertainty pushes more people behind on payments, according to a new Equifax report. The findings show that missed payments have increased compared with a year ago, highlighting stresses across different age groups, regions and debt types. Rebecca Oakes, Equifax Canada’s vice-president of advanced analytics, attributes … Read more

Three Canadian Banks Report Quarterly Earnings

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Bank of Nova Scotia (TSE: BNS) Net income: $2.03 billion Q2 profit: $1.48 per diluted share Source Google Scotiabank posted second-quarter net income of $2.03 billion, down from $2.09 billion a year earlier, as the bank increased provisions for potential loan losses. The board also approved a higher quarterly dividend of $1.10 per share, up … Read more

How to Spot and Prevent Mortgage Fraud in Canada

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This is part of a series of columns about protecting the important information and people in your life from fraud and scams. More installments will follow. At first glance real estate seems safe from theft: you can’t simply walk away with a house the way you can with cash or a car. But property can … Read more

Gen Z Guide: Negotiate Salary, Car Deals, Phone Bills

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Adulting in Canada often feels like navigating a maze of expenses. Rent in Toronto can eat up your paycheck, groceries add up, and many people lean on side hustles to make ends meet. Because prices often feel fixed, our default reaction is to pay without question. But that doesn’t have to be the case. I … Read more