Financial Insights That Matter July 5 (Reuters) – Canada’s financial watchdog on Wednesday released new guidelines for lenders aimed at protecting mortgage holders facing high borrowing costs or who are at the risk of defaulting. The Financial Consumer Agency of Canada (FCAC) said federally regulated financial institutions, including banks, must work to help at-risk consumers […]
Financial Insights That Matter (Reuters) – A top lobbying group for the Canadian banking industry slammed the federal government’s proposals to levy huge taxes on the country’s financial sector and said the policy could hurt lending, The Globe and Mail reported on Tuesday. The Canadian Bankers Association’s (CBA) CEO Anthony Ostler said the government was […]
Financial Insights That Matter More than half of Canadians say their personal finances are worse today than in 2015, when Prime Minister Justin Trudeau was elected on a promise to help the middle class and those aspiring to join it. A surge of inflation, and the interest-rate hikes meant to quell it, have squeezed heavily […]
Financial Insights That Matter One third of Canadians are considering alternative home ownership models, a new survey has found, as purchasing a home remains out of reach amid an ongoing affordability crisis. (THE CANADIAN PRESS/Chad Hipolito) · The Canadian Press One third of Canadians are considering alternative home ownership models, a new survey has found, […]
Financial Insights That Matter Confession time: I already have a copy of Final Fantasy XVI and Final Fantasy VII Rebirth for the PS5 even though I still don’t have a PlayStation 5 console. I never get consoles the moment they come out and usually wait a few years for their next version. In the PlayStation […]
Financial Insights That Matter Taxes 2024: Experts from CIBC and TD Bank say the first home savings account (FHSA) is a great way to build up a downpayment to enter the housing market. (GETTY) · Vesnaandjic via Getty Images Tapping the right tax breaks is key when saving for, buying, or selling a home in […]
Financial Insights That Matter RE/MAX says Saskatoon was Canada’s fastest-growing luxury real estate market in the first two months of 2024. THE CANADIAN PRESS/Kayle Neis · The Canadian Press RE/MAX Canada says luxury home sales are booming by double-digits across Canada, but remain below the COVID-19-era peak. Saskatoon had Canada’s fastest-growing luxury market in the […]
Financial Insights That Matter More than one-third of Canadians say they are in a cycle of financial shame, according to a recent study from Coast Capital. (Getty Images) · d3sign via Getty Images Have your feelings around money impacted your relationships or caused you to put off important financial tasks? If so, you may be […]
Financial Insights That Matter According to data from Kalibrate, gas prices fell an average of five cents to $1.711 per litre in cities nationwide. (Photo by Sandy Huffaker/Corbis via Getty Images) · Sandy Huffaker via Getty Images Gas prices continued to track lower over the past seven days. Meanwhile, a leading Canadian market expert says […]
Financial Insights That Matter Mirroring North American market performance in April, net assets in ETFs and mutual funds declined. (THE CANADIAN PRESS/Andrew Lahodynskyj) · The Canadian Press Canadians put $5.462 billion into exchange-traded funds (ETFs) in April, the second-largest monthly inflow in the last year, with more than half of those investments going to U.S. […]