Should self-acceptance be a financial strategy?

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

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

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

American Express Canada and Hilton introduced the all-new Hilton Honors American Express Card on Thursday, Oct. 29. It is the first Hilton Honors co-branded credit card in Canada.MoneySense will fill you in on the fees and the perks to help you decide if you should consider it.“As our Hilton Honors member base in Canada has grown by more than 40% since 2023, we’re focused on delivering even more value for Canadian travellers,” said Heather Laverne, Vice President, Head of International Co-

The chief executive of TMX Group Ltd. says he’d like to see a continued reduction in regulatory and cost barriers for companies wanting to list on Canada’s main stock exchange as it looks to gain a competitive edge globally.   At a conference hosted by the Alberta Securities Commission on Tuesday, John McKenzie was asked on stage whether he is concerned about the drop in numbers of issuers trading on the TSX. He said it’s not a phenomenon that’s limited to Canada and that it’s partly

One of the biggest behavioural pitfalls investors need to watch out for is recency bias. This is the tendency to place disproportionate weight on recent events when forming expectations about the future. It can influence everything from which investments we buy to how portfolios should be constructed. One example I’ve noticed gaining traction on Reddit is the argument that investors should break up with their bond exchange-traded funds (ETFs). We’ve previously explored a variation of this

I would like to do a RRIF meltdown so I can leave more money to my children. I am 72, and in my second marriage. My money will go to my children and my husband’s money to his children. I have about $650,000 non-registered money in a dividend fund, $226,000 in a TFSA, and $840,000 in a RRIF. I am spending about $40,500 a year, plus TFSA contributions and tax of about $15,000. My husband is 82 with $200,000 in a RRIF and $100,000 in a TFSA. Our $1.3-million home will go 50% to my kids and 50% to

The Bank of Canada (BoC) raised its key interest rate by 0.25 percentage points to 2.5% on Wednesday, Oct. 28, 2026. It’s the Bank’s first increase since July 2023 and the first move in a year.The rate had held at 2.25% since the BoC’s October 2025 cut.“Today’s rate hike speaks to the tightrope the BoC has been walking this year. It’s both a pre-emptive strike against widespread inflation and an acknowledgement that Canada’s economic prospects are brighter than the average Canadian

The Bank of Canada (BoC) raised its key interest rate by 0.25 percentage points to 2.5% on Wednesday, Oct. 28, 2026. It’s the Bank’s first increase since July 2023 and the first move in a year.The rate had held at 2.25% since the BoC October announcement of 2025, where we saw an interest rate cut.Experts were split on whether a rate hold or hike was in store. Now that an increase has been announced, we will walk you through what it means for you.“Today’s rate hike speaks to the tightrope

Strength in base metal stocks helped Canada’s main equity index rise more than 100 points in late-morning trading, while U.S. stock markets also climbed higher.The S&P/TSX composite index was up 122.97 points at 36,067.13.In New York, the Dow Jones industrial average was up 45.78 points at 52,407.36. The S&P 500 index was up 43.81 points at 7,720.58, while the Nasdaq composite was up 266.33 points at 26,435.71.The Canadian dollar traded for 71.25 cents US compared with 71.30 cents US o

Stepping into adulthood happens overnight: you turn 18 one day, and then you’re free to make your own decisions. But becoming independent takes time. Some young adults remain on their parents’ phone plans or continue to share a joint bank account well into their 20s. But experts say having autonomy over your bills, banking and debt early on can help build financial confidence for years to come.Being aware of the changes that come with adulthood is the first step, said Laura Whiteland, cert

Narrow aisles, fewer shelves, and plenty of house-brand items: this Loblaw store feels cosier but still offers enough variety for a grocery run.Loblaw’s Danish chief executive, Per Bank, brought a little bit of Europe with him three years ago when he moved here to run the country’s largest grocery chain.“Small discount stores … I would probably say that’s some of the things I brought to Canada,” Bank said, sitting in the backroom of a small-scale Toronto No Frills on a brisk October

There may be a lot of great brokers online, but what is the best online brokerage for you in Canada this year?For the 14th time, MoneySense has partnered with Surviscor, a leading Canadian research and consulting firm specializing in customer experiences with digital and direct financial services, to offer an authoritative comparison of the various offerings for Canadian investors. The methodology is powered by Surviscor’s deep and unbiased research.With more firms competing for your attention

$1.25 here, $1.75 there. Sometimes, bank fees can seem minimal enough, but the Financial Consumer Agency of Canada says the bigger picture on how much Canadians pay in bank fees might be more murky than it should be.The agency said in a review, released Friday, that while many bank fees seem relatively small on an individual basis, they can add up over time, and in some cases, the full fee structure is embedded in a transaction, making it less visible to the consumer. “Our banks are very well

Loblaw says it is starting to notify about two million Canadians who were affected by a data breach in March with specifics about which personal information of theirs leaked. The grocer is notifying affected consumers directly about the breach, which may have revealed data including their name, email address, home address, date of birth, loyalty card number, certain purchase order details and partial payment card information. Although, it says the extent of the leak is different for everyone an

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

You’ve heard all the arguments for creating your own DIY investment portfolio: the potential savings on fees (especially important for new and smaller investors), the ease of using exchange-traded funds (ETFs), and the ability to build and manage a portfolio on your own terms.Still, the responsibility of opening your own brokerage account and populating it with ETFs that will help you reach your goals can be daunting. There are more than 2,000 ETFs trading in Canada and thousands more around t

Synthetic identity fraud, a growing strain of online fraud targets not individuals, but businesses both large and small.For the victims of digital fraud, it’s personal. It can feel like they were specifically preyed upon. But the fact is cyber criminals don’t care whether their ill-gotten gains come from individuals, small businesses or banks, or who is left violated. What they care about is that the scam works—and that they don’t get caught. If you own or operate a business, you should

Jill had spent years building her retirement savings in Canada when she started thinking about what would happen to that money after she was gone. Jill lives in Canada and has built a substantial retirement portfolio, including a Canadian RRIF. Her son, Jack, lives in the United States.Like many parents, Jill assumed that if she named Jack as the beneficiary of her RRIF, the account would simply pass to him when she died. But the answer is not quite that simple. The fact that Jack lives in the U

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,