How the BMO eclipse Visa Infinite Privilege Card refresh changes the way you earn points

If you’ve been carrying the same rewards credit card for years, it might be time to check it against your current needs and spending habits. After all, a card that worked for you a decade ago might not offer as much value for your current lifestyle and spending habits.The good news is that credit cards often evolve, too. A great example is the BMO eclipse Visa Infinite Privilege Card. While some features remain the same, the card has introduced new benefits that make it a premium travel credit

The Bank of Canada’s governing council thinks it might need to raise interest rates further, but it’s proceeding carefully, according to a summary of deliberations of its recent decision to raise its key policy rate for the first time since 2023.According to the report, the council acknowledged it faced considerable uncertainty and said it would take its monetary policy decisions one meeting at a time.The Bank of Canada raised its policy interest rate by a quarter of a percentage point to 2.

Buying a property from an estate can mean securing some value, though there are more hoops to jump through and more risks to weigh.For sellers, dealing with a property left in a will tends to be long-winded, frustrating and costly, so some prioritize selling as quickly as possible.When a homeowner dies in Ontario the sale of their property generally can’t close until the executor (known in Ontario as the “estate trustee”), the person named in the will to manage the estate, is granted proba

The cost of convenience has Canadians in a chokehold. Despite affordability taking a nose dive in the country, many still prefer to save the time and hassle that goes into doing certain tasks if and when a more convenient option is available.
If you’ve ordered prepared food because you didn’t have any in the fridge (or ordered ingredients because doing a grocery run felt more stressful), you are hardly alone. Most Canadians find it worthwhile, even with extra cost of service fees, delivery f

Getting a credit card may rank high on the list for young adults seeking financial autonomy. But having a credit account doesn’t always translate into a decent credit score — a financial report card on how likely you are to pay your bills on time.While some might avoid a credit card to not get into debt, that could also mean not having financial history to show when applying for loans or even a rental apartment. An absent or irregular credit history could also imply to lenders that you may

The latest federal budget promises billions of dollars in affordability relief, but middle-income Canadians struggling with the cost of living may find little new immediate help in the spending plan.While Ottawa earmarked fresh assistance for lower-income households in Budget 2026, families with earnings above income-tested thresholds may be iced out.For example, the budget offers a one-time grocery benefit top-up of up to $339 for singles and $679 for a couple with two children, but the payment

Earlier this year, I wrote an article asking the question: what money is actually for? My argument was that it isn’t simply for maximizing net worth, but for building a life, and not every meaningful purchase needs to earn its keep.I still believe that. But since then, the world has changed, and so much has gotten more expensive that a lot of Canadians are struggling to keep up with the cost of everyday life.I woke up this morning and, as I usually do, started catching up on the news. The US m

Octavia Howell has attended enough cybersecurity conferences to know that participants should never log into the event’s or the venue’s public Wi-Fi network—at least not without a VPN.“Never connect to public Wi-Fi anywhere because there may be someone who’s able to connect to your device using that same public wifi connection. If you are caught at a cybersecurity conference, for instance, they may put you up on a ‘wall of shame’,” says Howell, vice-president, chief information s

Share buybacks can lift returns or be a potential red flag, but finance experts say investors should look at the overall picture of how companies allocate their capital to determine for themselves.When companies buy back their own stock, they often cancel those securities, reducing the number of outstanding shares available for trading in the market. That spreads profits over fewer shares, which can boost earnings per share metrics come earnings season and potentially lift the company’s stock

After a relatively boring budget last year, the Federal Budget in November 2026 introduces several simplifications for taxpayers. The biggest tax and investing incentives are focused on encouraging business investment rather than providing broad personal income tax cuts.RRSPs and RRIFsThe Budget proposes that registered retirement savings plans (RRSPs) will have no mandatory registered retirement income fund (RRIF) conversion at age 71. Currently, an account holder must open a RRIF and transfer

The federal budget has zeroed in on business growth with a suite of tax measures and incentives designed to spur private-sector investment.The central business pitch of the 2026 budget tabled Thursday aims to encourage Canadian companies to invest more, expand and become more competitive internationally.The budget, entitled Masters of our Destiny, includes capital gains tax breaks, incentives for companies investing in equipment and expanded tax support for research and innovation.But some busin

Wealthsimple is launching an AI assistant that can partially automate everyday banking activities and provide users with financial insights. The company announced a dozen new products at its Wealthsimple Presents event in Toronto on Thursday, including Penny, its new AI assistant.The company says Penny can cue up transactions like e-transfers, flag duplicate credit card charges, manage expenses and pay invoices, in addition to providing insights into users’ finances or giving advice on questi

Here’s a round-up of news for Canadian investors this week.
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Shopify reports US$462M Q3 net income, revenue up more than 30%Shopify Inc. (TSX:SHOP)Numbers for its third quarter:
Profit: $462 million (up from $264 million a year ago)Revenue: $3.74 billion (up from $2.84 billion a year ago)Shopify Inc. reported US$462 million in third-quarter net income, up from US$264 million in the same quarter last year, as its revenue rose more than 30%.The

There are over 2.7 million self-employed workers in the country, according to Statistics Canada. Although that number has grown over the last year, higher numbers haven’t meant an improvement in self-employment finances.Alberta-based non-profit credit counselling agency Money Mentors partnered with Angus Reid to survey self-employed Canadians. What they found was alarming: over half of self-employed workers had an income shortfall at least once over the past year, and 53% used a credit card or

Wealthsimple announced a bunch of new products and features on Thursday at its much anticipated ‘Wealthsimple Presents: Something Good Is Going to Happen‘ event, a product showcase at Toronto’s Massey Hall.More than half a million people registered to watch the event via livestream.The new products and features include an AI assistant that can move money and place trades, a Canadian-dollar stablecoin, an advanced trading platform, a rebuilt mobile app, and more.Four of the 12 are available

The easiest way to get a sense of how much of your personal information is available on the internet is to Google yourself. You may be surprised at the details you find, freely available, that could potentially assist the perpetrators of identity theft.But as ever more victims of cyber crime are coming to know, there is another side of the internet, the “dark web,” that is impervious to conventional search tools. Moreover, it serves as a marketplace for criminals to buy, sell and store eleme

One thing Canadian investors will eventually notice after exploring the domestic exchange-traded fund (ETF) market is that certain ETF tickers come with a suffix. In a previous article, we looked at U.S.-dollar-denominated ETFs, such as the BMO S&P 500 Index ETF (ZSP.U). These funds provide the same underlying investment exposure as their Canadian-dollar counterparts, with the main difference being the currency in which their units trade.Similarly, some currency-hedged ETFs have their own

A recent study from Statistics Canada suggests that while it may be more difficult for youth to land a job, AI is not necessarily to blame.The study published last week said it found “no broad evidence” that the rise of AI has led to substantial decreases in hiring or increases in job separation rates — which account for voluntary and involuntary ending of employment — in Canada since November 2022, when ChatGPT publicly launched.It also noted this was the case for younger workers and pe

Ontarians eligible for the monthly Ontario Trillium Benefit (OTB) payment will get this month’s payment on Tuesday, November 10, 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 previous year’s tax returns. The OTB

The Ontario Trillium Benefit (OTB) is a tax-free benefit paid monthly or annually to eligible Ontario residents. It combines three provincial tax credits, specifically, the Ontario Sales Tax Credit, Ontario Energy and Property Tax Credit, and Northern Ontario Energy Credit.An OTB notice is sent to taxpayers by Canada Revenue Agency (CRA) and explains your benefit amount and any changes to your eligibility. When you receive a notice, it does not mean that something is wrong, but your benefit does

The Royal Bank of Canada (RBC) is changing the way redemption works for its cash back cardholders.Soon, not only will it become easier and faster to redeem cash back, but you won’t have to wait to accumulate a $25 minimum amount.According to an announcement from the bank on Monday, the changes will kick in on Dec. 2, 2026.Holders of the RBC Cash Back Mastercard and the RBC Cash Back Preferred World Elite Mastercard will be affected by the changes.RBC Cash Back Mastercard: What changes on Dec.

For a tradesperson, the dream of starting your own business usually involves being your own boss, making your own rules and schedule, and hopefully earning more money. The reality can include those things, but there is an entirely separate skill set and workload to consider. Sales, administration, finance, HR — you can outsource some of these functions, but the ultimate responsibility falls to you. It can also turn into a grind, said electrician Carly Steiman, between the trade labour and hu

Some people may start investing in ETFs the same way they start buying stocks: they learn of an investment from a friend or an influencer or in an article they read, and then buy it without necessarily exploring the alternatives.Fortunately, ETFs, like stocks, are supremely liquid. If you don’t make the best selection at first, you can sell your holdings and replace them with more suitable ones in a matter of minutes.When it comes to core portfolio holdings—the basic building blocks of a por

The federal budget to be tabled on Thursday will be about “changing Canada’s growth model,” Finance Minister Francois-Philippe Champagne said Monday.Champagne provided business leaders a preview of the government’s fiscal plan in a breakfast speech at the Canadian Club Toronto.The budget — the second to be delivered under Prime Minister Mark Carney — is expected to support the Liberal government’s push to reduce Canada’s reliance on the United States by building up the domestic e

My wife and I love talking to each other. Sometimes we talk at each other, but we often joke that in the almost two decades we’ve known each other, we haven’t stopped talking for a second since we met.The other night, we were discussing how AI is helping us in our respective professions, and how it has made life more productive, but also fun in many ways. It’s easier to synthesize information, access resources and, sometimes, with all the time saved, find a few extra moments in the day to

Some of Canada’s largest banks have moved to disallow third-party AI agents from accessing online banking. RBC spokesperson Jeff Lanthier confirmed the move in a statement Wednesday, saying the bank has decided to block third-party personal AI agents from direct access to authenticated RBC digital properties, including online banking.  RBC CEO Dave McKay said in a post on LinkedIn on Tuesday evening that while the bank appreciates the benefits of AI being used to save time, “nothing is mor

Aging can be an uncomfortable topic to broach with one’s elderly relatives, but experts say some Canadians can’t afford to put off the conversation, especially if caregiving responsibilities are bound to fall on them later on.It’s an issue becoming more relevant as Canada’s population of those 65 and older grows, but many aren’t prepared for the financial and personal toll of meeting the needs of their loved ones.“The earlier we start having conversations in families is always better

Here’s a round-up of news for Canadian investors this week.
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Strength in the country’s bank stocks helped lift Canada’s main stock index higher in late-morning trading, while U.S. stock markets moved lower.The S&P/TSX composite index was up 30.84 points at 36,295.93.In New York, the Dow Jones industrial average was down 105.83 points at 52,369.27. The S&P 500 index was down 20.74 points at 7,723.24, while the Nasdaq composite was down 331.14 points at 26,218.71.The Canadian dollar traded for 71.50 cents US compared with 71.25 cents US on Wedne