We’re building more houses—and prices are down! On Monday, the Canada Mortgage and Housing Corporation announced housing starts rose from 241,111 units in April to 264,506 units in May: good for a 10% increase. The pace was highest in Montreal, where starts were...
The best instant approval credit cards in Canada by category By Keph Senett on June 21, 2024Estimated reading time: 12 minutes If you’re applying for a credit card, chances are you want it as soon as possible. Typically, though, credit card applicants must wait several days...
Types of investing accounts In Canada, there are two types of investment accounts: registered and non-registered. Registered accounts are filed with the Canada Revenue Agency (CRA), the governmental body responsible for overseeing the country’s tax regulations. Investments made within registered accounts benefit from...
The summary details the discussions between governor Tiff Macklem and his deputies in the lead-up to the June 5 rate announcement at which the central bank lowered its key rate. “While they recognized the risk that progress could stall—as it had in the...
Toronto: A surprise entry on the affordability scale Make no mistake, the city of Toronto continues to be one of Canada’s priciest real estate markets, with the average home clocking in at $1,117,400 in May. However, “The Six’s” typically hot spring selling season...
Nvidia has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. Revenue more than tripled in the latest quarter from the same period a year earlier. The company’s journey to be one of the most prominent players in AI has produced...
Until now, though, options for holding and growing cash in Canada have been limited to high-interest savings accounts (HISAs), guaranteed investment certificates (GICs) and money market funds (MMFs). So, the arrival of an accessible notice savings account (NSA) is great news for...
Best airport lounge access credit cards in Canada By Sandra MacGregor on June 18, 2024Estimated reading time: 13 minutes Airport lounge access can transform an otherwise gruelling layover into a relaxing respite. Lounges may offer free snacks and drinks (including complimentary alcoholic beverages), free Wi-Fi, plentiful...
By Keph Senett on June 18, 2024Estimated reading time: 10 minutes Maybe you’re one of the many Canadians who missed a debt payment in the last year. Or maybe you’re a newcomer to Canada, or you’re a young person who hasn’t established a credit...
Employees often receive other considerations such as benefits and health insurance, said Cindy Marques, a certified financial planner and co-founder of MakeCents. “That will result in dollars saved,” she said. “And essentially, dollars in your pocket when you think about not having to...
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