The start of a new year is an ideal time to reassess your finances and eliminate unnecessary costs. One straightforward way to keep more of your money: move your everyday banking to a free chequing account in Canada. A no-fee chequing account streamlines paycheques, bill payments and everyday spending while eliminating monthly fees that can … Read more

Ask MoneySense I have a question about a joint margin account at a brokerage: what happens if one spouse dies? Does the surviving spouse keep the account in their own name, or can they add a son or daughter to the account? —Chander Joint accounts after death This is a common and important question, Chander. … Read more

The dominant financial story right now is the sharp decline of the Canadian dollar against the U.S. dollar. Since the start of the year, the loonie has been trading around USD $0.69–$0.70 — levels not seen since early 2020 — down from roughly USD $0.74 as recently as late September 2024. That weaker exchange rate … Read more

This is the first in a series on protecting the critical information, people and and possessions in your life from fraud and scams. More practical guidance will follow. How secure is your email account against hackers? Many Canadians overestimate the safety of their email. You might not notice anything unusual for months, yet your address … Read more

You’ve just learned your identity may have been stolen, but you’re unsure when it happened—it could have been weeks or even months ago. Identity theft can significantly damage your finances and credit standing in Canada, but discovering it after the fact doesn’t mean it’s too late to act. Fraudsters often wait months or years before … Read more

Your identity has been stolen — what does that actually mean, and how might it affect you going forward? Identity theft is stressful and disruptive. You may be worried about protecting your credit score, preventing further misuse of your personal information, and repairing the damage caused by fraudsters. Identity theft is increasing in Canada. In … Read more

Identity theft is a growing problem in Canada. In 2023 the Canadian Anti-Fraud Centre (CAFC) recorded more than 11,000 reports involving identity theft and fraud, and both government agencies and financial institutions have noted a rise in incidents. Criminals use many methods to obtain personal data; common tactics include: Taking personal or financial information from … Read more

Companies that reported earnings this week Gildan Activewear Loblaw Companies Ltd. Walmart Inc. Gildan Activewear reports $132.3M Q4 profit, raises dividend 10% Source: Google Gildan Activewear (TSE: GIL) All figures in U.S. dollars. Q4 profit: $132.3 million, or $0.86 per diluted share, down from $153.3 million, or $0.89 per diluted share, a year earlier. Net … Read more

Roadside assistance is one of those essentials—alongside a plunger, a basic first-aid kit and a small screwdriver—you don’t think about until you need it. Whether you’re stranded during a Canadian snowstorm, stuck on a long highway drive or heading up to the cottage, having roadside assistance built into your credit card can save time, money … Read more

Meet Sean Wilson Sean Wilson is a Certified Financial Planner and the founder of Moraine Wealth Advisory, a boutique financial planning firm focused on helping Canadian physicians and business owners achieve their financial and life goals. With extensive experience in wealth management, tax planning, retirement strategies, and managing corporate wealth, Sean guides clients through complex … Read more