Category: Money

In Canada, renters are more likely than homeowners to experience a lower quality of life, including financial distress and loneliness, according to a new Statistics Canada report. The report released on Monday, Feb. 19, based on data collected in 2021 and 2022, showed renters were more than 15 percentage points more likely to report difficulty […]

Descrease article font size Increase article font size The Trudeau Liberals are set to announce that the federal government will provide low-cost loans in British Columbia to help build rental housing on provincially owned land, according to senior government sources. The federal government will partner with British Columbia Premier David Eby on the newly announced […]

As the Bank of Canada waits for the right moment to start cutting interest rates, some economists are arguing that its decision shouldn’t hinge on the housing market. Canada’s inflation rate has edged up and down over the last several months after dropping from its 2022 highs as global price pressures fade and the economy […]

The 2024 tax filing season comes with a few key changes for Canadians who work from home, sold a home or are saving to buy their first one. Here are some of the significant changes to tax credits and deductions to be aware of, as well as the key dates to know for individuals and […]

A class-action settlement that would see Toronto Dominion Bank pay out nearly $16 million has been approved – one of two multi-million-dollar payouts by the bank given the green light in recent weeks. The Ontario Superior Court of Justice granted the approval Thursday after a hearing this week for the settlement reached between TD Bank […]

Descrease article font size Increase article font size Air Canada AC.TO lifted forecast for its 2024 core profit on Friday, as Canada’s largest carrier benefits from resilient demand for international travel. North American carriers with major international operations are benefiting from a rise in demand, as consumers choose to spend on experiences over goods despite […]

Electric vehicle (EV) owners in Canada may start to see their insurance rates jolt in the coming years, a new report indicates. The study by credit rating agency Morningstar DBRS suggests insurers in the U.K., Europe and parts of the U.S., where EV uptake is higher than in Canada, are starting to experience the impacts […]

By Staff The Canadian Press Posted February 15, 2024 9:53 am 1 min read Descrease article font size Increase article font size Canada Mortgage and Housing Corp. says the annual pace of housing starts in January fell 10 per cent compared with December. The national housing agency says the seasonally adjusted annual rate of housing […]

Descrease article font size Increase article font size Nvidia overtook Google-parent Alphabet’s stock market capitalization to become the third biggest U.S. company on Wednesday, days before the poster child of AI boom is due to report fourth-quarter results. Strong demand for the Silicon Valley company’s chips used in artificial intelligence computing has powered the stock 231 […]

Canada’s housing market is “starting to turn a corner,” the country’s national real estate association says. According to the latest data from the Canadian Real Estate Association (CREA) released Wednesday, the housing market has seen an uptick in activity despite interest rates being at a 22-year high. “The market has been showing some early signs […]