The family was swimming in the pool less than a year after putting down a deposit with their pool contractor. However, the process wasn’t all smooth sailing. “Originally, we budgeted $80,000, and they laughed at us,” Rubinoff says. “There are costs you...
Why trust us MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major...
“The Big Cut” While The Big Short film is a riveting watch, “The Big Cut” may be even more enthralling. The Bank of Canada (BoC) made the decision to cut its key interest rate to 4.75% on Wednesday. It’s the first rate cut since...
The Vancouver-based apparel retailer’s net income reached USD$321 million in its first quarter (Lululemon reports in U.S. dollars), up from USD$290 million a year earlier. Its net revenue for the period ended April 28 amounted to USD$2.2 billion compared with about US$2 billion...
Sometimes you get what you pay for. At least, that’s what you hope. Even if you are a conservative or passive investor, paying a few extra dollars (or pennies!) per trade may be worth it if the service includes access to free...
Artificial intelligence systems like ChatGPT could soon run out of what keeps making them smarter—the tens of trillions of words people have written and shared online. A new study released Thursday by research group Epoch AI projects that tech companies will exhaust the supply of publicly available training data...
In this article, we’ll tackle the basics around managing small-business finances, including opening a dedicated bank account and applying for a business credit card. 6 reasons to separate your personal and business finances Having a business bank account and business credit card makes it...
Borrowers with adjustable-rate variable mortgages or home equity lines of credit (HELOC) will see their rate and payments lower in real time. Meanwhile, those with variable rate mortgages on a fixed payment schedule will see more of their monthly payment go toward...
The housing supply issue is improving It comes after some of Canada’s largest cities have seen ballooning home listings in recent months from droves of sellers listing their properties, despite demand from potential buyers not keeping up. That includes the Greater Toronto Area,...
“With continued evidence that underlying inflation is easing, [the BoC’s] Governing Council agreed that monetary policy no longer needs to be as restrictive and reduced the policy interest rate by 25 basis points,” the BoC said in its decision announcement. “Recent data...
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