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
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
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
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
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
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
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
The monthly mortgage cost on an average home has fallen $28 a month since February. This small savings is a symbolic win for all the young adults priced out of a housing market where average... read more
The Bank of Canada made a supersized rate increase on July 13 – increasing its benchmark rate by a full percentage point in an effort to get consumer prices back under control. On the same day, The... read more
Friday’s Rogers Communications outage was just so 2022. In health care, emergency rooms are overloaded and too many people can’t find a family doctor. Airports and passport offices are swamped. Food is becoming unaffordable. In parts of... read more
You do not want to get stuck behind Leanne Mathewson in the checkout line at the grocery store. She’s the one with the file folder stuffed with coupons, holding her phone up to ask for... read more
The golden rule of banking when you’re in school or starting a career is to not help the banks get more gold. You do that by paying zero fees to do your day-to-day banking. No... read more
Kerry Taylor still remembers the sticky note that a male colleague and friend left on her desk before leaving for another employer during the dot-com boom of the early 2000s. The chit had his salary... read more
Canada’s inflation rate hit a 31-year-high in April as prices continue to rise from the grocery store to the gas station. But what, exactly, is inflation and how long will it remain at record highs?... read more
During the pandemic, households have saved a lot more cash than usual. Where it’s spent – and how quickly – carries big implications for the economy. Paul Bannister is making up for lost time. He... read more
