Mortgage renewals mean housing takes up 50% of many Canadians’ budgets
Canada is in the middle of its largest wave of mortgage renewals, with many Canadians seeing their housing budgets go up, a new survey has found. …
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Category: Money
Consumers using savings to pay for essentials and piling up debt: Equifax
Canadians continue to face financial strain amid the heightened cost of living, according to the latest report from Equifax, which shows younger people generally struggle the most. …
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Investors want ‘real proof’ AI spending is paying off, new report suggests
A new report from Fidelity suggests financial advisors are increasingly looking for evidence that AI investments are translating into strong financial results. …
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SpaceX stock sinks after first ever earnings revealed big AI spending plans
SpaceX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company, but investors remained concerned about long-term investments. …
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1 in 3 Canadians say they’d cut insurance to save money, TD survey says
One-third of Canadians (33 per cent) say they would consider reducing their insurance coverage to save money, a TD Insurance survey says. …
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Despite push for value meals, McDonald’s is seeing sales growth slow
In January, McDonald’s Canada started offering its McValue Meal to Canadian customers for $5 and a small coffee for $1 in a bid to attract low-income customers. …
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Fewer private sector workers have pensions. What does it mean for retirement?
Private sector membership in registered pension plans fell by 0.8 per cent or 25,800 members, dipping below 3.3 million members, from 2023 to 2024. …
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Oil prices spike, global stock markets mixed as Iran war escalates
The U.S. stock market is drifting in mixed trading Wednesday, while oil prices climb another 3 per cent as fighting continues in the war with Iran. …
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Jobs hang in the balance as Ekati diamond mine in N.W.T. closing early
Canada’s diamond mines were never going to operate forever, but the industry’s decline has been accelerated by the growing popularity of lab-grown diamonds and U.S. tariffs. …
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