“There aren’t really any affordable new starter cars on the market anymore,” said Michael Bettencourt, a longtime automotive journalist and co-author of a forthcoming guide to buying an electric vehicle in Canada. He’s also a parent of two sons, ages 17 and 20, and he’s already thinking about the costs his younger son will face … Read more

A CIBC analysis warns that broad tariffs imposed by the United States could shave a significant share off Canada’s economy. The report assesses several possible tariff scenarios on goods imported from Canada, weighing potential exemptions for key sectors such as oil, gas and automobiles and estimating the likely impact on Canadian GDP. The bank’s study … Read more

My MoneySense I’m 68 and live in Saskatchewan. I replaced some flooring with non-slip carpet and I’m wondering if this can be deducted on my income tax. —Gayle Is there a tax credit for home renos? Most home renovations are not tax-deductible and do not qualify for federal tax credits unless they relate to a … Read more

President-elect Donald Trump has introduced a new cryptocurrency token tied to his brand, and the coin’s value surged sharply after its launch—raising questions about its impact on his finances and broader implications for politics and crypto. The token, promoted as a community-oriented “meme coin,” was unveiled shortly before his inauguration and follows a pattern of … Read more

Company earnings for the week of Jan 14, 2025 JPMorgan Lululemon Cogeco UnitedHealth JPMorgan posts record annual profits as major U.S. banks thrive in the final quarter of 2024 JPMorgan reported a strong finish to 2024, with fourth-quarter net income rising about 50% to more than $14 billion and quarterly results that comfortably beat analysts’ … Read more

Over the holidays many Canadians set resolutions around career, health and family. If financial goals weren’t on your list yet, now is an excellent time to add them. Below are three practical steps you can take this year to strengthen your financial position and build long-term security. 1. Make your cash work harder for you … Read more

In 2024, Canada experienced an unprecedented year of severe weather, producing record insured losses and widespread damage to homes and infrastructure. A series of disasters—including floods in Toronto, Southern Ontario, British Columbia and Quebec; a wildfire in Jasper, Alberta; and a severe hailstorm in Calgary—combined to produce an estimated $8.5 billion in insured losses, according … Read more

Happy Year of the Snake! If your age is a multiple of 12 this year, you belong to the snake in the Chinese zodiac. Snakes are often described as wise, calm, intelligent, intuitive and mysterious, as well as focused, determined and skilled at problem-solving. Well-known people born in the Year of the Snake include Mahatma … Read more

Complaints about phone, internet and television services rose sharply in the 2023–24 reporting year, increasing by 38%, according to the Commission for Complaints for Telecom‑television Services (CCTS). In its annual report, the watchdog said it handled a record 20,147 complaints from consumers between Aug. 1, 2023 and July 31, 2024, and was able to resolve … Read more

Each year, the third Monday of January attracts attention as “Blue Monday.” Although the label started as a marketing idea rather than a scientific finding, many people relate to the feeling: cold weather, limited daylight, and the contrast between holiday spending and January bills can make mid‑January feel heavy and demoralizing. What is Blue Monday? … Read more