“The most important thing to understand about co-signers is that if there are four people on the mortgage, each of them is not responsible for 25%; each one of them is responsible for 100%,” said Ron Butler, principal broker at Butler Mortgage. Co-signing a mortgage can...
According to a 2025 TD survey, 92% of newcomers understood the importance of building credit before arriving in Canada. Yet 82% of those who applied for credit faced immediate barriers. For many, these challenges go beyond inconvenience. They directly affect immigrants’ ability to secure housing,...
The Canadian Transportation Agency said its backlog of air travel complaints stood at about 85,000 as of Aug. 14, two days before the strike started. The agency had received nearly 13,500 complaints this year as of that date, which would not yet have included complaints related...
As the RESP’s subscriber (the person who opened and contributed to the account), you may have questions about how to withdraw RESP funds and what the beneficiary (the student) can use them for. Most of the RESP commentary talks only notionally about the withdrawal process....
The central bank said Thursday that its 2024 survey on payment methods shows Canadians kept an average of $156 in cash on hand, $16 more than in 2023. Adjusted for inflation, the Bank of Canada said the value of cash on hand has been “quite...
Though headline inflation rose two ticks to 1.9% in June, the Bank of Canada sees underlying inflation levels around 2.5% when stripping out volatility and tax changes that are skewing the data. Canada’s labour market is showing some weakness in tariff-exposed sectors such as manufacturing, but...
The company says its adjusted net income for the quarter ending June 30 was $117 million, up from $111 million last year. Adjusted earnings per share came in at $1.11 each, compared with $1.04 per share last year. Revenue totalled $2.03 billion in the quarter, down...
Things to note: Some cards include free airport lounge membership (like Dragonpass) but charge for each entry, so check your card’s details. Only some cards include lounge access for traveling companions, and this is most common with super-premium travel cards. Popular cards with this benefit: Scotiabank...
According to research by Ipsos Canada, commissioned by BMO, 33% of Canadians use AI technologies to stay on top of their spending and saving. But while these tools are great for growing wealth and tracking financial goals, there’s something missing—a safe, ethical, and truly supportive...
This marks the third rate hold in a row from the Bank, following similar non-moves in June and April. Prior to this, the Bank was undergoing a cutting cycle, and had slashed its benchmark rate seven times, lowering it by 225 basis points between June...
Subscribe to our weekly newsletter below and never miss the latest product or an exclusive offer.
