Finance news

The monthly budget has become a balancing act for many Ontario households. Mortgage or rent payments take up a large share of income, groceries and transportation costs continue to add up, and debt payments can leave little room for an unexpected expense.As credit counsellors, this pressure is becoming increasingly visible in the conversations we’re having with clients who are struggling with their monthly debt payments. Often, the problem isn’t that people have stopped paying their

Ontario renters now have less time to respond if they fall behind on rent. As of Sept. 21, landlords can give tenants as little as seven days’ notice to end a monthly tenancy for unpaid rent, down from 14 days.That doesn’t mean a tenant can be physically evicted in seven days. An N4 notice is the first step in the process, and a landlord still has to apply to the Landlord and Tenant Board (LTB) for an eviction order if the tenant doesn’t leave.The change is one of several new r

Traders are increasingly betting that the Bank of Canada could end its string of interest rate holds and deliver a hike as early as next month.While many economists remain unconvinced that the central bank will raise the cost of borrowing this year, concerns that inflation could become a more persistent thorn than first thought have some pencilling in a tightening cycle to start in early 2027.The U.S. Federal Reserve broke its own stand-pat stance and delivered the United States’ first rat