Finance

Canadian dollar nears 5-month low ahead of inflation data

By Fergal Smith TORONTO (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Monday, approaching a five-month low, ahead of domestic inflation data that could offer clues on the timing of Bank of Canada interest rate cuts. The loonie was trading 0.1% lower at 1.3785 per U.S. dollar, or 72.54 U.S. cents, after trading in a range of 1.3726 to 1.3786. On Friday, it touched its

How anonymous wooden signs helped raise money for cancer treatment on P.E.I.

Businesses in the Charlottetown area have been finding simple wooden signs left at their doors over the past year, but now the creator has come forward after a post about the signs went viral on social media. To pay it forward, one city business donated $5,000 to the P.E.I. Cancer Treatment Centre in the creator's name.

Canada tax season: What to know about fiscal changes in 2024

Personal finance expert Rubina Ahmed-Haq as we navigate the changes in the tax landscape for 2024. From adjusted income tax brackets to increased tax-free savings account contributions, Rubina explains how the changes will impact your family's bottom line.

Avoiding shrinkflation is difficult, but these shoppers have a few tips

MONTREAL — Stefani Balinsky not only brings her list when she goes grocery shopping, she also brings a calculator. Oftentimes Balinsky, a mother of a teenager and a 20-year-old, finds herself standing in the aisles and calculating if she's getting the best deal for every dollar spent. It's her way of fighting back against shrinkflation. She recalle...

More potential jurors dismissed as Trump's hush money trial enters second day

NEW YORK (AP) — More potential jurors were dismissed Tuesday from Donald’s Trump’s hush money case as lawyers worked for a second day to find a panel of New Yorkers to decide whether the Republican will become the first former president convicted of a crime. The first day of the historic trial in Manhattan ended Monday with no one yet chosen to be on the panel of 12 jurors and six alternates. In short order Tuesday morning, several others were...

Critics attack long timelines in defence plan as military awaits a budget boost

There will be money set aside in today’s federal budget for the Department of National Defence — much of it linked to the implementation of the new defence policy released with great fanfare last week by the Liberal government after more than two years of study.

European Commission recommends approval of Ukraine's reform plan, unlocking €50 billion aid

The European Commission recommended that the EU Council approve Ukraine's reform plan. This will allow Ukraine to receive assistance from a €50 billion package, according to Twitter (X) of the President of the European Commission, Ursula von der Leyen. "Ukraine's reform & investment strategy offers a solid basis for a more modern, prosperous Ukrain...

What's the most expensive home you could afford?

Use this tool to calculate the most expensive home you could buy based on your income and passing the mortgage “stress test."

Trump Media stock slides again to bring it more than 66% below its peak as euphoria fades

NEW YORK (AP) — The stock price for Donald Trump's social media company slid again Monday, pushing it more than 66% below its peak set late last month. Trump Media & Technology Group closed down 18.4% at $26.61 as more of the euphoria that surrounded the stock fades. It's a sharp comedown since nearing $80 after the owner of Truth Socialmerged with a shell company to get its stock trading on the Nasdaq under the symbol “DJT,” for Trump's...

Here's what to look for to save some cash while at the supermarket

Bigger is not always better.

When cutting expenses isn't enough: Experts weigh in on how to increase your income

TORONTO — As many Canadians try to squeeze every last dollar out of their budget to cope with the soaring cost of living, financial experts say cutting expenses to the bone is not always a viable option and they should instead focus on increasing their income. Slashing expenses is never a long-term solution and can only go so far, says Janine Rogan...

Prenups are getting more popular among millennials. What to know before you sign

A prenuptial agreement is like an 'insurance policy' that can not only protect one’s assets but can make a separation process, should a marriage fail, a lot smoother, experts say.

How Much Cash Do You Need to Stop Work and Live Off Dividends?

Want to retire early? Here's how much cash you might need to quit work and live off your investment income. The post How Much Cash Do You Need to Stop Work and Live Off Dividends? appeared first on The Motley Fool Canada.

Canada's budget to increase taxes on the wealthiest, says source

OTTAWA, April 15 (Reuters) - The federal budget that Canada's Liberal government is due to present on Tuesday will increase taxes on the wealthiest individuals, a source familiar with the matter said on Monday, but gave no details. Prime Minister Justin Trudeau has already said the budget will not boost taxes on the middle class. The news of the tax increase was first reported by French language

The five decor mistakes that are making your home look cheap

Have you got any of these in your home?

How to Get Your TFSA to $1 Million

Here's how TFSA investors can diversify their portfolios and create a retirement nest egg worth $1 million. The post How to Get Your TFSA to $1 Million appeared first on The Motley Fool Canada.

Average US annual salary by age revealed – see how you compare

8 Jewelry Trends To Complete Your Outfit In 2024

With a new season bringing with it a bounty of bold fashion trends — denim gowns and mesh footwear, to name a few — it’s easy to overlook what’s happening with all things jewelry. Necklaces and earrings might be the last thing you put on when piecing together an outfit, but they’re certainly not the least part of the whole ensemble, especially as far as 2024’s trending styles are concerned. The spring/summer runways teased a y2k-meets-bohemian...

14 signs of true friendship: Check strength of your bonds

Friendship plays a great role in people's lives. They often say, "Friends are the family we choose consciously." It is possible, though, to detect whether your connection is true friendship, writes Pleso. How to assess your level of friendship In reality, you can easily understand how strong and honest your friendship is, perhaps one you've been bu...

Restaurants feeling financial pinch as industry sees drop in employment

A Vancouver restaurant is feeling the financial pinch as the industry shed over 26,000 jobs in March. Grace Ke reports.

What's cheaper, EV or gas? This scholar crunched the numbers

Where you live and how much you drive each day matters when it comes to the cost-effectiveness of an electric vehicle, compared to gas. to A new UBC study crunches the numbers.

CPP Pension: How to Increase Your Income by 50%

The CPP reforms mean retirement income can jump 50% when the plan reaches maturity, but there is an alternative. The post CPP Pension: How to Increase Your Income by 50% appeared first on The Motley Fool Canada.

Why few bank fraud complaints lead to compensation

Sarah Bradley, the ombudsman and CEO at Ombudsman for Banking Services and Investments, responds to a report that found only a quarter of banking complaints resulted in monetary compensation in 2023.

As a first-time homebuyer, how much money do you really need for closing costs?

Buying a home comes down to more than just the downpayment and the mortgage costs. Here's what to know about closing fees and and rebates available to first-time homebuyers.

Average net worth of Americans by age — see how you compare

It's Tax Day. And your refund may be big this year

WASHINGTON (AP) — On this Tax Day, refunds are looking a bit bigger for taxpayers. According to the latest IRS statistics, the average income tax refund so far this season is $3,011, up $123 from last year. Two out of three taxpayers expect to receive a refund. The IRS is promoting the customer service improvements the agency rolled out since recei...

How to Build a Bulletproof Monthly Passive-Income Portfolio With Just $20,000

Income-seeking Canadian investors can consider holding shares of REIT such as Dream Industrial to create a passive-income stream. The post How to Build a Bulletproof Monthly Passive-Income Portfolio With Just $20,000 appeared first on The Motley Fool Canada.

Moving jobs this often helps you climb the career ladder and earn more money

If you're retired or about to retire, think carefully about your tax strategy

NEW YORK (AP) — Coming up with the best tax strategy in retirement can be much trickier than it seems, and tax pros agree it's a time when people need to be especially careful to look at their entire financial picture before deciding on a things like 401(k) withdrawal amounts and timing, or when to begin taking Social Security. “It’s the biggest ch...

Vacant Home Tax redesign possible after thousands wrongfully charged

More than 100,000 homeowners in Toronto ended up with bills that are now being reversed. Mayor Chow is looking to overhaul the program while some city councillors want it cancelled. Mark McAllister reports.

Homeowners, realtors should take steps to protect against title fraud: experts

It's been years since you finished paying off your mortgage, so the letter in the mail from a bank saying you're in default and now owe money comes as a shock. Not only did you not take out another mortgage on your property, you've never even dealt with that bank before. Yet the documents you're presented with say otherwise. At this point, you real...

5 simple steps to organize your kitchen cupboards and drawers

Cleaning expert Melissa Maker offers five simple tips for taking control and organizing your kitchen.

How a group of strangers found homes together in one of Canada's priciest municipalities

Splitting mortgages via co-ownership is one way some British Columbians are achieving dreams of home ownership as real estate prices reach record highs.

9 rules to be a truly happy and successful woman

Many women aspire to discover how to become happy and successful. It turns out there are 9 rules that can be considered principles of a self-satisfied and fulfilled life, according to Hack Spirit. Successful and happy women respect themselves and know their worth. Strong and successful women will not settle for anything they don't like. There's no ...

Oil sheds 1% after Iran attack, US economic data

By Laila Kearney NEW YORK (Reuters) - Oil prices sank by about 1% a barrel on Monday after Iran's weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifying conflict that could displace crude barrels. Brent futures for June delivery fell 91 cents to $89.54 a barrel, a 1% loss, by 1:17 p.m. EDT (1717 GMT). U.S. crude futures for May delivery

UBC study on break-even point for owning EVs

If you're wondering whether the gas savings are worth the extra money you'd spend on an EV, a new UBC study has some answers for you. Rumina Daya reports.

Top 10 airlines for the cheapest business class flights

Is my passport still valid? New rules and prices around soon-to-be expired ID

Double check your passport before you book.

Borrell says buying Patriot for Ukraine is cheaper than rebuilding TPP destroyed by Russia

It is cheaper to buy American Patriot systems than to rebuild a power station destroyed by Russia, according to the EU foreign affairs chief Josep Borrell. Responding to whether France can do more for Ukraine than Germany, Borrell stated that everyone can do more to fulfill European commitments. "My role is not to point fingers at any particular co...

Super Organized People Love These 10 Products

We’re always looking for the magic solution that will get us organized but as anyone who’s ever spent a small fortune at Ban.do knows, finding the perfect planner isn’t going to alter our personality or our proclivity for procrastination. That’s why Clare Kumar, a productivity coach and professional organizer who takes an inclusive approach to her work, advises her clients to “tune in before you lean in.” Kumar says the best way to work varies...

Youth unemployment rising in Canada

Stats Canada says youth unemployment in Canada is at 12.6% - higher than in any non-pandemic year since the Great Recession.

How to Build a Passive Income Portfolio Starting With Just $6,500

Looking to build a passive income portfolio? There's no shortage of great options on the market, including these three stellar picks. The post How to Build a Passive Income Portfolio Starting With Just $6,500 appeared first on The Motley Fool Canada.

4 Ways to Grow $100,000 Into $1 Million in Retirement Savings

Anyone can build a million-dollar retirement portfolio. Here are four ways you could practically grow $100,000 to $1 million. The post 4 Ways to Grow $100,000 Into $1 Million in Retirement Savings appeared first on The Motley Fool Canada.

What to do if you wake up at night and can't get back to sleep, according to expert

Getting a decent night's sleep is important for our health, but a lot of us don't get the recommended eight hours. Three-quarters of Brits get less than eight hours of sleep, while one in six get by on less than six hours each night, according to YouGov. Meanwhile across the pond, over 17 per cent of adults had trouble staying asleep most days or e...

5 Spring 2024 Trends You Can Buy Secondhand

.disclaimerwidth:90%;margin-bottom:1rem.disclaimer__lineswidth:100%;margin:0 auto;border-bottom:1px solid #999;padding:0;max-width:150px.disclaimer__copywidth:100%;max-width:355px;font-family:Brown Regular,sans-serif;font-size:.9rem;font-weight:300;line-height:1.3em;color:#333;padding:0 0 .4rem;margin:1rem auto;text-align:center All linked products are independently selected by our editors. If you purchase any of these products, we may earn a...

Winnipegger denied flight refund even though he bought cancellation insurance

Allianz Global Assistance says disaster at a pre-booked accommodation is not a covered reason under the policy.

Here are some changes to expect when filing your 2023 taxes

Feb. 19 is the first day you can file your taxes online and there are some key changes that will affect the tax filings of many people in Canada.

Spring Home Essentials: Elevating everyday basics

Style expert Samantha Pynn offers creative tips to refresh everyday essentials -with a twist. From luxurious sheets to vibrant towels, colorful dishes, stylish storage baskets, and cozy pillows and throws, she proves that basics don't have to be boring. Get ready to elevate your living spaces with simple yet stylish updates!

Here’s the Average Retirement Income for Canadians: How Do You Rate?

If you're worried about how much you'll earn in retirement, increase your income by investing in an ETF like this one. The post Here’s the Average Retirement Income for Canadians: How Do You Rate? appeared first on The Motley Fool Canada.

How to protect yourself from fraud

Technology has made a significant impact on how prolific and sophisticated scam attempts have become. Erica Natividad speaks to an expert on how to avoid becoming a victim.