Canada’s decision to ease a long-standing mortgage “stress test” requirement was influenced in part by concerns about how the regulator was perceived by the public, Office of the Superintendent of Financial Institutions (OSFI) superintendent Peter Routledge said. Addressing an audience at the Global Risk Institute summit, Routledge explained that the way the rule was being … Read more

In recent years, more shoppers have been choosing private-label grocery products as a way to reduce household expenses—and that shift looks likely to persist. With renewed investment from retailers in their own brands, many consumers no longer assume store-brand items are inferior to national-name products. Annie St-Laurent, senior director responsible for Metro’s private-label portfolio, says … Read more

Everyone has to start building a credit history somewhere, and for many young people that begins with the first credit card they get while in college or university. Financial institutions know that the first card a student receives is likely to stay in place for years, creating a long-standing relationship between the customer and the … Read more

In Canada, your credit score carries significant weight. It’s not just a number: a healthy credit score gives you access to better loan and credit card offers, lowers the cost of borrowing, and can improve your prospects when renting, buying auto insurance or applying for certain jobs. Negative marks on your credit report can come … Read more

Webull recently launched in Canada. The fast-growing trading platform, which serves about 11 million customers globally, announced on January 2 that it was accepting applications for Canadian accounts. If you’re wondering whether Webull is right for you, this guide explains what the platform offers in Canada, how it compares to its U.S. version, and what … Read more

Many credit cards now include mobile device insurance, and for good reason. Smartphones are costly, so this built-in benefit can save you hundreds — or even thousands — of dollars if your device is lost, stolen or damaged. Below is a clear explanation of how credit card mobile device insurance works and a look at … Read more

Meet Allan Norman Allan Norman, CFP, CIM, is a Certified Financial Planner and founding partner of Atlantis Financial Inc., where he offers flat-fee financial planning. He also serves as an associate portfolio manager with a fiduciary duty at Aligned Capital Partners Inc. (ACPI). As a regular columnist for MoneySense and a contributor to the Financial … Read more

The technology sector—dominated by the so-called Magnificent 7 (Apple, Alphabet, Amazon, Meta, Microsoft, Nvidia and Tesla)—has driven market gains for roughly two years. These companies have become integral to everyday life and business, which helps explain their outsized influence on equity markets. That said, performance has been uneven over the past year, leaving many Canadian … Read more

Ask MoneySense My wife has an RRSP in her name and a spousal RRSP in her name, plus a small LIRA. She will be turning 71 next year. My question is: Can she open a RRIF account and contribute both of her RRSPs plus the LIRA amount into one single RRIF account without incurring any … Read more

Canada is on the verge of a notable expansion in Indigenous-related project financing, according to international credit rating agency Morningstar DBRS. In a report released on the fourth National Day for Truth and Reconciliation, the agency says capital markets activity involving Indigenous organizations has been steadily increasing and holds “considerable potential” for further growth. The … Read more