Finance

Young people have given up on buying homes and are saving for cars instead

Gen Z and Londoners are prioritising four wheels over their own four walls.

Psychologist explained how to maintain passion in long-term relationships

At the beginning of a relationship, there is a passionate stage for every couple when you simply can't get enough of each other. However, with time, this fades, and many couples encounter a loss of interest. What can help maintain passion in relationships, according to psychologist Dmytro Ostapenko. How to keep passion alive in long-term relationsh...

Russia's oil and gas revenue set to double despite sanctions

Russia's revenues from oil and gas sales will nearly double year-on-year to $14 billion in April 2024 thanks to rising prices, according to Reuters. As the agency notes, these data highlight the difficulties faced by Western countries, which seek to limit the Kremlin's income and strangle its military machine. Russia's war against Ukraine prompted ...

Trudeau says Sask. families to get full rebate, even without paying carbon tax on home heating

Prime Minister Justin Trudeau told reporters in Saskatoon on Tuesday that Saskatchewan families would receive "unaffected" carbon tax rebates "despite the fact the Premier is not sending that money to Ottawa right now." The provincial government stopped collecting the carbon tax on home heating from residents after the federal government gave an exemption on home heating oil that largely helped Atlantic Canada.

Millennials, Gen Z, need government help ‘now more than ever’: treasury board president

Canada's Treasury Board President Anita Anand joins CBC chief political correspondent Rosemary Barton to talk about the federal budget and its focus on young Canadians — as well as the criticism it's receiving.

Study reveals how much Americans really spend on tipping each year

Manifesting Money Wasn’t Working For Me, So I Successfully Turned To Loud Budgeting

Like many of my past relationships, my relationship with money is fraught, complicated, and a huge, bright red flag. And yet, I care about money so much. Still, as a millennial, having had to navigate a recession at every pivotal point of my adult life, money has never appeared to care about me. “It’s because you have a scarcity mindset,” a friend said to me over expensive wine I said I couldn’t afford. “The reason you’re bad with money is that...

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.

‘Trying not to die’: Tourism operators face heavy debt, even as business roars back

Maureen Gordon has weathered hard times before. She and her husband began running ecotourism outfit Maple Leaf Adventures out of Vancouver about a month before the 9/11 terrorist attacks devastated international travel in 2001. The rebound was relatively quick. Fallout from COVID-19 has proven much more prolonged. “The pandemic of course was incred...

Biggest mistakes that could tarnish, or even tank, your credit rating

Before reaching financial milestones such as a car, home, or savings account, a credit rating might be the only thing young people own. “Credit is a highly valuable asset,” says Ed Rempel, a fee-for-service financial planner, tax accountant and author of the blog Unconventional Wisdom. “In fact, it is your main asset until you can build up other in...

European Commission allocates another €1.5 billion to Ukraine

The European Commission has allocated the second installment of exceptional bridge financing to Ukraine under the mechanism for Ukraine, amounting to €1.5 billion, reports the press center of the European Commission. The disbursement follows the European Commission's positive assessment of the agreed political conditions related to reforms in the j...

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

25 Women Share Exactly How Much Is Sitting In Their Savings Accounts

If salaries are a taboo topic, then savings are completely off limits. Which is fair: the only thing more awkward than randomly asking a friend how much they have saved is bringing up your own saving efforts. It either reads as a brag, derails the conversation as someone emphatically acknowledges their privilege, or makes people feel anything from sheepish to outright ashamed. All of this means that savings are shrouded in mystery. We wondered...

CPP Enhancement: How to Make the Most of the Increased Retirement Income

Analyzing CPP enhancement through the lens of the rising cost of living can give you a more realistic idea of its impact on your lifestyle as a retiree. The post CPP Enhancement: How to Make the Most of the Increased Retirement Income appeared first on The Motley Fool Canada.

Eight ways 365,000 people are being underpaid, according to a money expert

The five decor mistakes that are making your home look cheap

Have you got any of these in your home?

Health Matters: Canadian government adds $36M to vaccine compensation fund

The Canadian federal government is putting another $36 million toward a program to compensate people who were seriously injured or killed by vaccines. The new funding was announced as part of the federal budget tabled in the House of Commons last week. Katherine Ward has this story and more in Health Matters for April 24, 2024.

Ford profit tops expectations on strong commercial, hybrid sales

By Nora Eckert (Reuters) -Ford Motor Co posted first-quarter earnings on Wednesday that beat Wall Street's expectations, bolstered by a strong performance in its commercial vehicle division and an increase in its hybrid vehicle sales. The company said it expects to achieve the higher end of its projected annual guidance of $10 billion to $12 billion in earnings before interest and taxes. Ford

TD Stock: Why I Reversed Course

Toronto-Dominion Bank (TSX:TD) is one stock I reversed course on in a big way. The post TD Stock: Why I Reversed Course appeared first on The Motley Fool Canada.

Japan's yen slumps, hits 155 per dollar; US currency regains footing

By Samuel Indyk and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) - The yen dropped against the U.S. dollar on Wednesday to its weakest since mid-1990, with markets alert to any signs of intervention from Japanese authorities to prop up their currency. As the yen slid, the greenback edged higher, recovering against most currencies from falls caused by Tuesday's data showing U.S. business

Tesla expects to book over $350 million in costs for layoffs

(Reuters) -Tesla expects to book more than $350 million in costs in the second quarter for the mass layoffs it began last week, the automaker disclosed in a regulatory filing on Wednesday. The electric vehicle maker also reiterated that it expects capital expenditure to exceed $10 billion in 2024 and to be between $8 billion to $10 billion in each of the following years. The filing follows

Mitt Romney doesn’t hold back when asked about Trump’s $130k payment to Stormy Daniels

Mitt Romney doesn’t hold back when asked about Trump’s $130k payment to Stormy Daniels - ‘As far as I know you don’t pay someone $130,000 not to have sex with you’

Advice for Students Navigating the Job Market

Navigating the job market can be daunting and is often even harder for young people. Wincy Li from Toronto Metropolitan University joins Candace Daniel with some advice for students trying to find employment.

Top 6 US industries where you can earn the most money

Ikea Canada cut prices on 800 items this month. Which ones?

Ikea Canada says it has lowered its prices for hundreds of items this past month as part of the company’s continuing push to make home furnishing more affordable.

Annual home prices predicted to rise nearly 10% by end of year: Royal LePage

A realty firm is making a grim prediction about home prices in Canada, forecasting a big jump by the end of the year. Global's Nathaniel Dove explores why prices might go up.

Money Plant Indoor Table Decoration Ideas for Cleaning Indoor Air | Money plant Ideas//GREEN PLANTS

Money Plant Indoor Table Decoration Ideas for Cleaning Indoor Air | Money plant Ideas//GREEN PLANTS Money plant growing ideas and easy method to grow bunch of money plants using growing stick for indoor garden or outdoor. This video shows easier way to display plants table decoration and how to grow money plants at home and potting these long vine pothos from cuttings. Growing money plant at home Feng Shui believe brings positive energy and cleaning air and negativity in every home. #greenplants #moneyplant #moneyplantdecoration #indoorplants #gardeningideas

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."

Business News: Impact of capital gains tax changes

The Liberals tabled the federal budget this week, and among the major changes was to how capital gains are taxed. The tech sector are the latest to speak out against the proposal. Financial analyst Robert Levy talks about the impact it could have on Canadians.

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.

Senate finally passes aid bills worth billions to Ukraine, Israel and Taiwan after months of delay

Senate finally passes aid bills worth billions to Ukraine, Israel and Taiwan after months of delay - The Senate passed the bill 79-18 after months of opposition from isolationist Republicans

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.

Meta raises 2024 expenses forecast to support AI development

(Reuters) -Meta Platforms said on Wednesday it expects overall expenses this year to be higher than it previously forecast as the Facebook parent spends heavily to roll out new AI products and bolsters the infrastructure to support them. Shares of the company fell 10% after the bell. The company expects 2024 capital expenditure in the range of $35 billion to $40 billion, up from its earlier

My 5 Favourite Stocks to Buy Right Now

These companies continue to be some of my favourite stocks on the TSX today, with all proving to be major winners in 2024 this year. The post My 5 Favourite Stocks to Buy Right Now appeared first on The Motley Fool Canada.

Montreal Olympic Stadium fire: Quebec grants up to $40 million for cleanup, repairs

MONTREAL — The Quebec government has awarded the organization that manages Montreal's Olympic Stadium up to $40 million to pay for repairs and decontamination after a March 21 fire. Parc olympique spokesman Cédric Essiminy says extensive decontamination work is needed in the stadium's tower because smoke spread throughout the building. He says arou...

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.

Premiers lash out at Trudeau over budget

This week’s federal budget has premiers lashing out at Prime Minister Justin Trudeau over a planned increase to capital gains taxes as well as what they say is overstepping on infrastructure and pharmacare.

GM CEO Barra compensation fell 4% in 2023 to $27.8 million

By David Shepardson (Reuters) - General Motors CEO Mary Barra's total compensation in 2023 fell 4% to $27.8 million, the largest U.S. automaker said Wednesday. The Detroit automaker also said GM President Mark Reuss' total compensation in 2023 rose to just under $18 million, up from $14.3 million, while Chief Financial Officer Paul Jacobson's compensation rose to $11.1 million last year, up from

Practical tips for renewing your mortgage in 2024

Personal finance adviser Rubina Ahmed-Haq shares some tips about how to handle renewing a mortgage at a higher rate.

Pentagon set to send $1 billion in new military aid to Ukraine once Biden signs bill

WASHINGTON (AP) — The Pentagon is poised to send $1 billion in new military aid to Ukraine, U.S. officials said Tuesday as the Senate moved ahead on long-awaited legislation to fund the weapons Kyiv desperately needs to stall gains being made by Russian forces in the war. The decision comes after months of frustration, as bitterly divided members o...

Billionaire Igor Makarov wants off Canada's Russia sanctions list

Shortly after Russia's full-scale invasion of Ukraine in 2022, Canada issued a slew of sanctions, freezing the assets of alleged Russian oligarchs. Nine people have since been removed from the list, and billionaire Igor Makarov is also trying to get dropped. But as Jeff Semple reports, Makarov's plan may have backfired.

Airlines will now be required to give automatic cash refunds for canceled and delayed flights

The Biden administration issued final rules Wednesday to require airlines to automatically issue cash refunds for things like delayed flights and to better disclose fees for baggage or canceling a reservation. The Transportation Department said airlines will be required to provide automatic cash refunds within a few days for canceled flights and “s...

Business Report: Taylor Swift breaks more records

Taylor Swift's new album continues to break records. Plus, a major automaker picks Ontario for electric vehicle production, and investors gear up for a big week on the markets. Business Editor Kris McCusker explains.

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.

Liz Weston: How to reduce your ‘widow’s penalty’

After a spouse dies, the survivor often ends up paying higher taxes on less income — something known by accountants and financial planners as the “widow’s penalty,” because women typically outlive their husbands. Couples who know what’s coming often can take steps to soften the penalty’s effect, but too many don’t think far enough ahead, says Barba...

TFSA Traps: Common Mistakes That Can Cost You Thousands

TFSA users are advised to avoid common mistakes and not pay unnecessary and costly tax penalties. The post TFSA Traps: Common Mistakes That Can Cost You Thousands appeared first on The Motley Fool Canada.

Ontario government faces lawsuit over cancellation of basic income pilot

Members of a class action lawsuit against the Form government for its cancellation of the Ontario basic income pilot are seeking $200M in damages. Jaden Lee-Lincoln explains.

Hackers steal $35k from George Conway’s anti-Trump Super PAC Lincoln Project

Hackers steal $35k from George Conway’s anti-Trump Super PAC Lincoln Project - ‘Since it was the vendor that was hacked, we are letting them and our bank’s fraud department lead any investigation,’ the group’s spokesperson said

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

These apps allow workers to get paid between paychecks. Experts say there are steep costs

NEW YORK (AP) — When Anna Branch, 37, had her hours at work reduced at the start of the pandemic in 2020, she suddenly noticed ads for an app called EarnIn. “You know how they get you — the algorithms — like they’re reading your mind,” Branch said. “The ad said I could get up to $100 this week and repay it in my next pay period.” Branch, who was wo...