Canada’s big banks face a high bar for earnings

Canada’s big banks are expected to deliver another strong performance when they report third-quarter earnings this week, but money managers and analysts are wary that any missteps could mean volatility for their high-flying shares.   Canada’s major lenders have navigated a shifting tariff landscape, weak economic growth, and a sluggish recovery in the housing market so far this year, seemingly with ease. Their resilience has driven their shares higher, upping the ante to im

Three types of payments are going out soon, and eligible Canadians should keep an eye on their bank account this week.
Payments under the Canada Pension Plan (CPP) and Old Age Security (OAS), including the Guaranteed Income Supplement (GIS), both go out on the same day: Thursday, August 27. The CPP is followed by the Veteran Disability Pension payment on Friday, August 28.Here’s what you should know about your eligibility and expected amount per the Government of Canada.What is the Canada

Most of us haven’t set foot in a bank vault, but many of us still have the instinct: important documents and prized possessions belong somewhere locked away. Yet a safe-deposit box only holds real value if our financial lives are organized enough that someone else could easily step in if something happened to us. David Boldovitch, financial adviser and group benefits broker at Bold Financial, has watched this problem play out with real families, not because they made a bad decision, b

Budgeting for back-to-school shopping can be a daunting task, as parents balance school supply lists with all the other costs of raising children. But financial experts say it can also offer a chance to involve your children in the process and have them see how budgeting can work.Amanda Martin calls back to school the perfect real-world teaching moment for helping your kids make choices about money where they can see how it affects them. “It allows kids to really see the costs, you know, d

Year to date, I’ve watched the Canadian dollar fall as low as roughly US$0.70 in mid-June. It has recovered somewhat as of August, but over the past year, there has still been weakness in the loonie. Part of that can be attributed to the tariff threats coming from the U.S. against Canada, which have created uncertainty around trade and the Canadian economy. But the Canadian dollar’s weakness is not necessarily a reflection of deteriorating domestic fundamentals. Part of the move

High-interest savings accounts come in all shapes and sizes, but not all of them are created equal; some have monthly fees while others don’t. Our list will highlight the best no-fee HISAs in Canada. What is a HISA?A high-interest savings account (HISA) is a deposit account that pays a premium interest rate,  higher than a typical savings account. The interest rates on HISAs range from 1.50% to 4.00% depending on the bank or financial institution. Rates on regular savings account

RBC shared on Friday that there are changes coming to two of its cash back Mastercard options in October and December this year.The announcement comes days after Scotiabank told customers it will lower cash back rates for rent and tax payment in the Scotia Momentum lineup in October, leaving many disappointed. Though a couple of RBC’s upcoming changes may similarly irk cardholders (one of the cards’ annual fee will go up by $21), the benefits are getting a serious facelift that&

Here’s a round-up of news for Canadian investors this week.
Spin MasterSobeysRootsLundinFeatured RRSP Accountsfeatured EQ Bank Build your retirement savings with 1.50% interest, tax-deferred contributions and zero fees. go to site featured Registered GIC rate Earn a guaranteed 2.75% in your RRSP when you lock in for 1 year. go to siteBest RRSP rates See our ranking of the best RRSP accounts and rates available in Canada. read now
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For anyone who follows my writing, you probably know that I spend very little time explaining how financial systems work. I am far more interested in the human and psychological side of money—the part that gets messy when real people must make decisions that don’t always fit the framework.There is no shortage of people explaining the mechanics. There are specialists who can tell you how mortgages are underwritten, how investment portfolios should be structured, and what the technical

At the end of this year, The Wealthy Barber himself, David Chilton, is planning to retire. Ironically, he will do so at the traditional retirement age of 65, which he’ll reach late in October.He revealed this on his popular The Wealthy Barber podcast on June 10, 2026, which you can find here. Later that month, Globe Advisor reporter Deanne Gage devoted a full column to his retirement (paywalled). Chilton announced he plans to “shut down” at th

Scotiabank is changing the way cash back works on Scotia Momentum credit cards, and many aren’t happy about it.The update applies to the Scotia Momentum Visa Infinite+ Card, Scotia Momentum Visa Card, Scotia Momentum Visa No-Fee Card, and Scotia Momentum for Business Card.Scotiabank told MoneySense that, starting October 22, 2026, the earn rate on rent and tax payments will change from the accelerated recurring bill payment earn rate to the regular purchase earn rate.How will Scotia Moment

Families eligible for the Alberta Child and Family Benefit (ACFB) can expect the second-last payment of 2026 to drop on August 27, and it will be a bit bigger than the one before.The ACFB is a provincial program administered by the Canada Revenue Agency (CRA) on behalf of the Government of Alberta. It provides tax-free financial support to low- and middle-income families with children under 18. Eligible families receive payments throughout the year, typically alongside their Canada Child Benefit

When people think about career growth, they often focus on developing technical expertise, improving leadership skills, or expanding their professional network. But there’s another skill that can quietly accelerate your career: financial fluency.Understanding money isn’t just about investing, budgeting, or retirement planning. It’s about understanding how businesses operate, how decisions get made, and how to communicate in a way that resonates with leaders.Whether you’re

As the summer ends and the school year starts up, many Canadians are making technology purchases. Best Buy Canada partnered with Angus Reid to deliver its first-ever 2026 Back-to-School Tech Shopping Report, which analyzed the spending habits of all Canadians who made purchases at Best Buy stores and online from February to July 2026. The study found that 63% of consumers bought refurbished, open box, or traded-in technology. But if you look a little closer at the data, you’ll see big

Moving to a different city for post-secondary studies could be your first taste of freedom. But that autonomy over your time, life, and money also means a lot more responsibility—finding housing, figuring out your commute to classes, and managing a whole new set of expenses on your own. All of that comes with a price tag—and sometimes, sticker shock.Certified financial planner Ryan Lee said students should plan for three buckets of spending when moving away from home: fixed, var

One of Prime Minister Mark Carney’s point people on the government’s budget consultations says Ottawa plans to tackle long-awaited tax code reform “one bite at a time” and changes for small businesses are high on the priority list.The Canadian Press spoke to a number of tax experts and advocates in recent weeks who all agreed that major reform to simplify and improve Canada’s tax system is long overdue. They get little argument from Wayne Long, MP for Saint John&mda

The dark web has become synonymous with stolen passwords, leaked personal information and identity theft. But despite its ominous reputation, most people don’t understand what it actually is, or what to do if their information ends up there.The dark web is a hidden part of the internet that you can only access through specialized browsers; ordinary search engines don’t work. And unlike the public web you use every day, activity on the dark web doesn’t leave a digital trail. Whi

Families eligible to receive the Canada Child Benefit (CCB) can expect this month’s payment on Thursday, August 20.
Each July, the Canada Revenue Agency (CRA) recalculates how much eligible Canadian families will receive in CCB payments, based on your adjusted family net income from the previous year. In July 2026, with the new benefit year kicking in, the CCB was adjusted to inflation and grew by 2%, based on Consumer Price Index (CPI) data.Usually payments go out on the 20th day of each

Wealthsimple’s newest product has given armchair economists and Canadians convinced they can predict Mother Nature a chance to put their skills to the test, but some say the business is likely after an even bigger audience. The Toronto-based financial services company started offering prediction markets last month. The product lets customers make wagers of $1 or less on the outcome of economic, financial or climate matters like what will happen at the Bank of Canada’s next inter

A lot of mainstream financial advice operates under the assumption of predictable paycheques and enough financial cushion to comfortably optimize for retirement, investing, or home ownership. But when you’re self-employed, money management tends to look a little different.I’ve been a freelance writer for the better part of 10 years, and admittedly am still figuring out my own financial strategy. This past tax season, that reality hit me harder than ever. I was on the phone with

Here’s a round-up of news for Canadian investors this week.
CargojetMonerisBarrickAir CanadaMaple LeafMetroCanadian TireFeatured RRSP Accountsfeatured EQ Bank Build your retirement savings with 1.50% interest, tax-deferred contributions and zero fees. go to site featured Registered GIC rate Earn a guaranteed 2.75% in your RRSP when you lock in for 1 year. go to siteBest RRSP rates See our ranking of the best RRSP accounts and rates available in Canada. read now
Why trust us
MoneySense is

As the school year approaches, families across the country are getting ready to tap into their registered education savings plans. RESPs are a powerful savings tool to fund a child’s post-secondary education, but experts say parents or guardians navigating withdrawals should start the process early and avoid common mistakes that may raise their tax burden or hurt growth of the investments in the account.  Sandi Martin, a certified financial planner at Sandi Martin Financial Planning,

I was on the elliptical machine at the gym the other day when I wondered if I might want a degree in behavioural psychology.Minutes earlier I had been writing to my MoneySense editor about my philosophy on personal finance writing—how I want readers to feel seen rather than shamed for the decisions they make. My mind wandered, the way it does mid-workout, toward my own career. An old friend from university had recently gone back to school for something similar and I thought about reaching

There was a time when telling your friends, “Sorry, I can’t afford it,” felt more uncomfortable than quietly putting a night out on your credit card.A pricey birthday dinner? You went. A destination wedding that required a flight, hotel, and three new outfits? You just figured it out. A group trip you hadn’t budgeted for? Saying no meant admitting that money was the reason, and for many people, that’s enough to make them say yes anyway. Gen Z is starting to cha

Paying down debt is often presented as a simple equation: spend less, earn more, and put the difference toward what you owe. But knowing what to do is only part of the challenge. The harder part is consistently making financial decisions that support your goals, especially when rising costs, unexpected expenses, or everyday temptations get in the way.That’s where habits come in. Habits are the automatic behaviours that shape how we spend, save, borrow, and manage money over time. A single

As Lucy grew older, her blood work started to show some abnormal results. By the time the 80-pound shepherd mix was turning 10, her owner Emma Gilmour wanted a diagnosis. Lucy’s veterinarian had mentioned Cushing’s disease as a possibility. Gilmour paid close to $5,000 for further testing, including an ultrasound, CT scan, and specialist consultations. Lucy had a mass on her liver close to a quarter of the organ’s size, and surgery was recommended to remove it. The mass wa