Finance news

If you pay your Rogers bill with a credit card, you will soon be charged a payment fee.Rogers says on its support page that, starting January 17, 2027, it will add a 1.6% “credit card processing charge” to every bill paid by credit card, whether you pay once or through auto-pay. On a $100 bill, 1.6% works out to $1.60.The new fee will not be applicable to Rogers customers in Quebec. The province’s Consumer Protection Act prohibits such fees.What’s changing on January 17On Oct. 21, 2026,

If you pay your Rogers or Fido bill with a credit card, you will soon be charged a payment fee.Rogers says on its support page that, starting January 17, 2027, it will add a 1.6% “credit card processing charge” to every bill paid by credit card, whether you pay once or through auto-pay. On a $100 bill, 1.6% works out to $1.60.The new fee will not be applicable to Rogers customers in Quebec. The province’s Consumer Protection Act prohibits such fees.What’s changing on January 17In a phone

Here’s a round-up of news for Canadian investors this week.
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Something has shifted in how young Canadians are spending their Friday nights. Across TikTok and Instagram, a new kind of content has taken over: candlelit dinner parties in tiny apartments, game nights, backyard hangs with a $12 bottle of wine. The aesthetic is cosy. The vibe is intentional. And the economics, whether anyone says so out loud or not, make a lot of sense right now.The numbers back it up. A 2025 Samsung Canada survey found that 85% of Canadians now prefer movie nights at home to g

The Bank of Canada will announce its next interest rate decision on Wednesday, October 28, 2026, and it’s shaping up to be a divisive forecast.In its September 2 announcement, the Bank has held its key rate at 2.25%. It has been so since it was cut from 2.50% in October 2025.With inflation back above 3% and energy prices elevated by the war in Iran, experts are predicting roughly 80% odds of a 0.25% hike. Several economists have changed their calls.However, Clay Jarvis, a mortgage expert at Ra

All things considered, Julia Chung had a lot working in her favour when she was tasked with settling the estates of not one, but two, uncles who died earlier this year. As a financial planner, she has more money know-how than most. And her uncles had each clearly communicated their end-of-life wishes and ensured vital information was accessible. Even still, it’s been exhausting. “When you’re experiencing grief at the same time, which I definitely have been, there were moments where I wa

If you receive the Canada Pension Plan (CPP) or Old Age Security (OAS), including the Guaranteed Income Supplement (GIS), you will get your payments from the government soon.Service Canada is issuing this month’s payments on Wednesday, October 28, 2026.Here’s what you should know about your eligibility and expected amount, per the Government of Canada.What are Canada Pension Plan (CPP) payments?The Canada Pension Plan a taxable monthly benefit that replaces part of your income after you reti

Air Canada customers who book their flights by phone are now paying $30 per passenger for the privilege.The country’s largest airline says the policy came into force on Oct. 15, placing it alongside WestJet, United Airlines and the numerous low-cost carriers that charge non-refundable phone booking fees.Other competitors such as Delta Air Lines and Southwest Airlines still offer tickets by telephone without the surcharge.For a family of four who books their Air Canada trip the old-fashione

If you meet the eligibility criteria, the Canada Revenue Agency (CRA) may soon do most of your tax return 2026 for you. But you’ll have to act soon to have a chance.The CRA shared details of its two automatic tax filing measures in Budget 2025. This is part of the campaign.Canadians who have a lower income and a simple tax situation are invited to pre-fill their tax return by Oct. 31, 2026. Only one million eligible people will get an invitation starting March 2027 to review and file a pre

Canadians have no shortage of options when it comes to selecting a new credit card. Whether you’re looking at a Visa, Mastercard, or Amex from a fintech, big bank, or credit union, we’re here to help you sort through all your choices for 2026.To make it easier to find the best credit card for you, we’ve broken the best credit cards down based on the financial goals and categories they best align with. Once you’ve decided what you’re looking for from a new credit car

If you’re travelling abroad and using your credit cards for most purchases, foreign transaction (forex) fees can really take a bite. That’s because card issuers charge around 2.5% on every foreign purchase—on top of the exchange rate.You can avoid this fee by using a card that waives it. Alternatively, you could offset the fee with a credit card that offers more than 2.5% back in rewards on those purchases. There’s a lot of valuable information to cover, so let’s ge

Homeowners may be tempted to take the mortgage rate offered in a renewal letter, but savvy borrowers see it as the start of a negotiation process that could lead to big savings.With many borrowers now renewing at rates above what they previously locked in, mortgage professionals say the worst move is signing whatever arrives in the mail. The best results come from starting early, shopping around, and comparing more than the headline rate.Kola Ifabumuyi, a certified mortgage planner with Mortgage

Statistics Canada said Monday that the annual pace of inflation rose to 3.1% in September as the war in the Middle East continued to drive up gas prices.The agency said the acceleration was led by a 27.8% spike in gasoline prices last month compared with a year earlier, despite the switch to the less expensive winter gas blend.Excluding gasoline, consumer prices increased 2.2% year-over-year in September.The agency said fuel oil and other fuels surged 57.8% in September, hitting consumers hard i

A premium travel credit card can come with an impressive list of rewards and perks, but that doesn’t necessarily mean it’s worth the annual fee. The real question is whether you’ll use enough of those benefits to come out ahead.If you’re comparing RBC travel credit cards, the RBC British Airways Visa Infinite may be one to consider. With a $165 annual fee, a purchase rate of 20.99%, and a cash advance rate of 22.99%, it’s worth doing the math: Can the rewards and be

The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2026 for the third straight quarter.CREA now expects a total of 444,530 homes to be sold by the end of this year, representing a 5.2% decrease from 2025.That’s down from its July forecast of a 1.4% year-over-year decline, which marked a reversal from its April forecast of a 1% gain. The association had predicted 5.1% growth year-over-year in January.CREA also projects the national average home price

The Bank of Canada will get a raft of fresh data to start next week as it weighs what could be a pivotal interest rate decision at the end of the month.Statistics Canada is set to release its September inflation data on Monday, giving the central bank a look at how energy price pressures are influencing other parts of the consumer basket.A Reuters poll of economists expects the annual rate of inflation rose to 3.2% in September, up from 3% in August, according to LSEG Data & Analytics.RBC as

Nobody likes taking a loss when selling stocks, but experts say now is the time to look at your portfolio and see if there are any investments that haven’t worked out as you hoped that might help you reduce your tax bill.Reviewing your portfolio and taking a look at what gains you’ve seen and how you might be able to offset them with any losses should be part of your year-end tax planning. Kris Kibler, tax planning lead at Wealthsimple, says if you are selling shares at a loss,

If you’re like most people, you’ve probably struggled with debt at one point or another and been told to make a plan to pay it off. But what does that mean? We’ll walk you through a simplified process, from understanding your debt to learning about the tools available to you and creating a budget, and ultimately, how to stay out of debt going forward. If you’re ready to get a handle on your finances, let’s get started.Key takeawaysUnderstand what types of debt

A few months ago, I wrote about trust, money and AI, and offered some thoughts on how we can use it without outsourcing our financial future to it.I use AI a fair bit in my day to day, and I work with several startups building in the space. I sit somewhere between skepticism and evangelism, which has led me to focus on responsible use. It feels like the appropriate middle ground, especially when it comes to money.I prefer not to think of it as the answer to everything, but I also don’t ind

The perks and fees for the TD Aeroplan Visa card lineup are changing in early 2027.The TD Aeroplan Visa Platinum, TD Aeroplan Visa Infinite, TD Aeroplan Visa Business and TD Aeroplan Visa Infinite Privilege cards will see cushier benefits starting January 12.New perks applying to all the credit cards include 15% off points needed to Air Canada flight rewards and a free fourth night/day on any hotels or cars booked using points. The three higher-tier cards also get an annual AC travel credit call

Canada’s main stock index was down more than 350 points in late-morning trading amid losses in the base metal and technology sectors, while U.S. stock markets also moved lower.The S&P/TSX composite index was down 363.80 points at 35,620.18.In New York, the Dow Jones industrial average was down 18.35 points at 51,651.75. The S&P 500 index was down 60.72 points at 7,744.73, while the Nasdaq composite was down 286.36 points at 26,918.02.The Canadian dollar traded for 70.02 cents US co

Simplii Financial is introducing updates to its app with new tools aimed at attracting more DIY banking clients. The digital lender said in a news release Tuesday that it is launching a new account type, named the Simplii Account, and is piloting new features like bank account folders.  “Our clients are self-selecting around their attitude toward money and how they want to manage their money,” Atanaska Novakova, the head of Simplii Financial, said in an interview.“It&

The average asking price for a rental unit in September was $2,034, down 4.2% compared with a year ago. A monthly report from Rentals.ca and Urbanation said the figures mark two full years of annual declines, the longest downturn the Canadian rental market has experienced in recent history.   Average asking rent prices in September were down 7.3% over the past two years and 9.2% below the peak of $2,202 in May 2024. The report also highlighted figures from Statistics Canada that s

If you’re wondering what the Canada Child Benefit (CCB) payment dates for 2026 are, we have you covered; families eligible for the child tax benefit payment can expect this month’s payment on Tuesday, October 20.The CCB is a tax-free monthly payment to help parents manage the cost of raising children. Each July, the Canada Revenue Agency (CRA) recalculates how much eligible Canadian families will receive in CCB payments. This is based on your adjusted family net income from the previ

Side hustles are a huge part of how people in Canada make ends meet, especially given the state of affordability.A new report suggests nearly one in four Canadians now earn money this way. Many still aren’t sure when their extra income becomes a business with registration and tax obligations. The findings come from Ownr’s 2026 Canadian Side Hustle Report, released October 8. Ownr is an online registration and incorporation platform owned by RBCx, a division of the Royal Bank of Canad

It’s become an internet meme that “never in the history of calming down has anyone ever calmed down by being told to calm down.” (There are various versions.) I nonetheless urge investors, especially those in the retirement risk zone, to give Stay Calm a read. This new book is written by one of the pioneers of the passive investment management (a.k.a. indexing) industry: David Booth, founder of Dimensional Fund Advisors. Whatever the online pundits say, it is tru

Advance Canada Workers Benefit (ACWB) payments are going out on Friday, October 9, and eligible Canadians should keep an eye out for a direct deposit.This will mark the third and final ACWB payment of 2026. The last one dropped in July.What is the ACWB payment?The Canada Workers Benefit (CWB) is a refundable tax credit for people who work and don’t earn much. The ACWB is a part of this benefit that the CRA pays you early.The CWB amount depends on a calculation based on the following factor

With the right rewards credit card, you can earn points to put towards cash back, travel, financial products, merchandise, gift cards, and even charitable donations. The key to finding the best rewards card is to select one that matches your spending habits and your reward goals. Below, we highlight our favourite cash back, travel, airline, and hotel rewards cards to help you get a jump start on finding the best-fitting card for you.What arebest rewards credit cards in Canada?We’ve se

Ontarians eligible for the monthly Ontario Trillium Benefit (OTB) payment will not get their October payment on usual date, but one day early on Friday, October 9, 2026.The OTB is issued on the 10th day of the month, every month. If that date falls on a weekend or statutory holiday, it will be issued for the last “working day” before the 10th. The OTB payment schedule (known as the benefit year) runs from July to June of the following calendar year, because payments are based on your

Canada has a certain tipping culture that has left many fatigued, with people sometimes taking to the internet to share their grievances.Whether it’s the high tip percentage options offered at points of sale or inflation in general, Canadians are taking multiple factors into account before deciding to tip less or skip the tip entirely. Per a September 2026 Restaurants Canada report, eight-in-10 are cutting back on restaurant visits to make ends meet.“I started to not care for [tippin

It’s been a relatively quiet decade in Alberta’s oilsands, but the federal and provincial governments believe a new West Coast pipeline coupled with policy shifts might help turn up the volume. Prime Minister Mark Carney was in Fort McMurray, Alta., this week to announce the first proposal to be deemed in the national interest under legislation passed last year: the million-barrel-per-day Pacific Link pipeline from Alberta to a tanker export terminal in southern B.C. The de

Australia made headlines late last year when it followed through on a total ban on social media access for children under 16; now, several provinces as well as Canada’s federal government are considering similar internet restrictions.This all comes in light of mounting evidence of the potential harms pre- and early teen users are exposed to on social media platforms and using AI chatbots, from misinformation to bullying to body image issues. But for now, the only restrictions in Canada are

A divorce can leave you holding a mortgage that was approved on two incomes. Who stays in the home? Can they qualify on their own? What does it cost to change the loan? What are the mortgage-related rules in the context of divorce in Canada? Several questions need answering and shape what happens next.The answers often come down to details people only learn once a separation is underway, such as how the mortgage stress test applies when one name comes off the loan, or how the Home Buyers’

Foreign nationals have been blocked from buying homes in Canada since January 2023, but unless the government takes action the policy will expire this coming January 2027.The ban means people living overseas cannot buy residential property. It also extends to foreign companies, as well as Canadian private companies where more than 10% is foreign-owned. It was first introduced by the Justin Trudeau-led government with the remit to help ‘stabilize’ the housing market.While the ban was

After a painful slump from October 2025 to July 2026, Bitcoin (BTC) is finally seeing a resurgence. As of Sept. 30th, 2026, BTC—the most well known and largest cryptocurrency by market capitalization—has jumped over 42% from its July 2026 low of about $58,000 (all figures in US dollars unless otherwise specified).Here’s what the BTC price movement has looked like since the October 2025 high.Source: Google Finance BTC-USD price chart as of Sept. 30, 2026.Are BTC investors making

After a painful slump from October 2025 to July 2026, Bitcoin (BTC) is finally seeing a resurgence. As of Sept. 30th, 2026, BTC—the most well known and largest cryptocurrency by market capitalization—has jumped over 42% from its July 2026 low of about $58,000 (all figures in US dollars unless otherwise specified). Here’s what the BTC price movement has looked like since the October 2025 high.Source: Google Finance BTC-USD price chart as of Sept. 30, 2026.Are BTC investors makin

In a quarter that saw stock markets generally rein in their torrid pace of appreciation, mining and metals producers bulldozed their rivals aside among top-performing Canadian stocks. The materials sector took all top 10 spots among the fastest-growing mid- to large-capitalization stocks in the country.While artificial intelligence (AI) remained the most talked-about theme globally, nine of Canada’s top 10 performers with at least $2 billion in market capitalization were miners and mineral

In a quarter that saw stock markets generally rein in their torrid pace of appreciation, mining and metals producers bulldozed their rivals aside among top-performing Canadian stocks. The materials sector took all top 10 spots among the fastest-growing mid- to large-capitalization stocks in the country.While artificial intelligence (AI) remained the most talked-about theme globally, nine of Canada’s top 10 performers with at least $2 billion in market capitalization were miners and mineral

Nudging your roommates about money owed every time you see them in the kitchen or living room can get increasingly awkward. And it gets worse when you run out of ideas on how to remind them without being curt.For many young adults, sharing an apartment can help divide the responsibilities and keep a lid on expenses. But that can turn into a burden if roommates slack on bill payments or don’t respect common spaces.While hiccups in shared homes are inevitable, experts say setting bounda

If you’re like many Canadians, you may have a sense that housing is eating up a bigger share of your budget than it should. But do you actually know how much you spend each month?Credit Canada, a non-profit credit counselling organization, partnered with Harris Poll Canada to survey more than 1,500 Canadians about their housing costs, budgets, and financial awareness. We spoke with Credit Canada CEO Bruce Sellery about what the results reveal about how Canadians are managing one of their b

Can I contribute to both a spousal RRSP and RRSP or does it have to be one or the other? Does the same RRSP deduction apply to the spousal RRSP and the RRSP? For example, if I have $10,000 in RRSP contribution room can I contribute $10,000 to my Spousal RRSP and $10,000 to my RRSP? Please clarify this for me. 
—DougHi Doug. Yes, you can contribute to your registered retirement savings plan (RRSP), your spouse’s RRSP, or any combination of the two, but no, you can’t double

Ever wonder how your mobile phone serves up targeted ads related to sites you may have browsed or conversations you may have had? The fact is a great many players on the internet, legitimate and not, are gathering and using information about you. Every device and internet service account you have uses a unique internet protocol (IP) address that identifies where you are and, increasingly, collects information on what you’ve been doing. Your internet service provider (ISP) may even leg

Most Canadians know they should have a will, yet fewer stop to consider whether their Canadian estate documents will work as intended when U.S. real estate, retirement accounts, or other cross-border assets enter the picture.Consider Matt and Sandra, a retired Ontario couple who bought a vacation home in Arizona 15 years ago. Matt also has an IRA from a period spent working in the United States. Their Canadian wills were updated when they retired, but the beneficiary designation on Matt’s