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Five ways to check your credit score for free

In the News   |   November 28, 2022

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At least two of the banks I deal with offer a no-cost way to check my credit score online. I say at least because I have accounts at many banks and haven’t visited them all lately. But... read more

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High interest rates are an assault on young Canadians

In the News   |   November 15, 2022

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There is no way that interest rates can rise sharply without a high degree of unfairness in how people are affected. Take borrowers and savers, for example. If you owe a lot on a mortgage, rising rates can increase... read more

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From groceries to auto loans, here’s how much more it costs to live right now

Articles of Interest   |   November 10, 2022

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Canadians’ wallets are feeling the bite on two sides: soaring prices and rising borrowing costs. We crunched the numbers to show how much more they’re paying. The financial double bite is everywhere. A stick of... read more

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Federal student loans to become interest free, Freeland says in fiscal update

In the News   |   November 4, 2022

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Finance Minister Chrystia Freeland has announced plans to erase the interest on federal student and apprentice loans as part of the government’s fall fiscal update. The move, made amid soaring living costs and the threat of... read more

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For the sake of their financial future, young people should leave Toronto and Vancouver

In the News   |   November 3, 2022

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Two of our biggest cities are an affordability trap for young adults. Without six-figure incomes or well-off parents, anyone in their 20s and 30s has to question whether they have a future in Vancouver and... read more

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The big question today in real estate is whether renting or owning is worse for your finances

Articles of Interest   |   October 20, 2022

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While Canadians vastly prefer to own their homes, there were always some strong points in favour of renting. Just try and make a case for renting today. The brutal dynamics of today’s housing market have... read more

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Do you have a safety net? The coming recession could be the most unfair ever

In the News   |   October 19, 2022

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The next chapter in financial inequality will be the divide between those who can afford to prepare their household finances for the coming recession and those who cannot. Keeping a stockpile of cash protects you against the... read more

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How Canada’s new credit card transaction fees will affect how you pay

Articles of Interest   |   October 12, 2022

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Businesses in Canada can now add surcharges to bills when customers use a credit card to pay. The new rules are the result of a settlement in a long-running class-action legal battle launched by merchants against Visa and MasterCard and... read more

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Beyond inflation and high rates: Three financial threats facing young adults, homeowners and retirees

In the News   |   September 29, 2022

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The No. 1 risk in personal finance for the next year is that high inflation and rising interest rates give way to a recession. Things really get interesting after that. The accelerated pace of change lately suggests we will... read more

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BDC commits $500-million in new funding for women tech entrepreneurs

In the News   |   September 22, 2022

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The Business Development Bank of Canada is ramping up support for women technology entrepreneurs, who despite recent breakthroughs still struggle to raise funding. On Wednesday the federal Crown corporation said it would provide $500-million in... read more

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An eight-pack of dos and don’ts for surviving and profiting in a world of rising interest rates

Articles of Interest   |   September 8, 2022

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An epic moment in interest rate history was the surge of summer, 1980. A quick recap of what was happening in the year the Bank of Canada’s benchmark rate jumped to roughly 17 per cent... read more

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The hot trend for times when you can’t afford what you’re buying

In the News   |   August 18, 2022

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Scariest financial number of the summer: By 2026, nearly one-quarter of all global online purchases will be made with a buy now, pay later option. Did you think I was going to quote the inflation rate or... read more

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How renting could financially damage a generation of young adults

In the News   |   August 16, 2022

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There’s a rule of personal finance that says average earners are spending foolishly by paying the average rent in their city. According to this rule, monthly rental costs should account for no more than 30... read more

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Should you still try to change jobs for higher pay as recession risks grow?

In the News   |   July 29, 2022

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For more than a year, Canada’s record labour shortage has held the promise of generous pay bumps for those willing to switch jobs. But with economists increasingly worried about a recession and some tech companies... read more

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Cancelled: The idea that a big mortgage is a noble burden because home prices will rise

In the News   |   July 28, 2022

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The mortgage stress test faces its first big challenge in this year of soaring interest rates. The regulators behind the stress test generated massive pushback from the housing-industrial complex, but they were dead right to worry about... read more

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