The Bank of Canada (BoC) lowered its overnight lending rate—which lenders use to set their prime rates, and, by extension, variable mortgage rates—by another quarter of a percentage, bringing it to 2.75%. This rate now sits a full 225 basis points lower than when the BoC first kicked off its rate cutting cycle inJune 2024….
Parubets attended Fanshawe College and completed the Professional Financial Services program in 2000. He obtained his Certified Financial Planner (CFP) designation in 2003, achieved the Fellow of Canadian Securities Institute (FCSI) designation in 2008, and Chartered Investment Manager (CIM) designation in 2013. Outside the firm office, he enjoys travelling and cycling, and he is a…
MoneySense at Her Assembly Book your spot now Get $25 OFF with the discount code MONEYSENSE25 Wealth Building Panel Join us for an engaging panel discussion on wealth building, where we’ll explore both the strategies for financial success and the mindset shifts needed to overcome fear and build confidence. What: Her AssemblyWhen: May 3, 9 a.m. to 5 p.m.Where:…
For the dozen or so staff at Edmonton-based tech company Punchcard Systems, the new reality meant figuring out “new patterns” of how to communicate as they would have at their downtown office. That meant implementing systems to streamline collaboration and automate workflows, the company said. Five years on, many office workers from Victoria to St….
Fiona Martyn, an employment lawyer at Samfiru Tumarkin LLP, an employment and labour law firm in Toronto, recommends taking your severance package to a lawyer for review before signing anything. Even though you signed an employment contract upon being hired, sometimes the termination clauses are unenforceable, as the law may have changed during your tenure….
It’s “go” time and you’re in the dealership parking lot with soggy palms, a twinge in your stomach, and a pounding pulse you can feel in your temples. You’re breathing more quickly, and your pupils are dilated. I know. As an auto journalist, I’ve been there. Before signing the paperwork, be sure to get up…
Learn more: Surviscor’s likes and dislikes about TD Canada Trust Return to table of contents. Best online banking firms for service Before Canada adopted digital banking, customer service was measured by evaluating email, face-to-face and phone interactions between a customer and a service provider. Today, the measurement extends beyond those three types and includes form-based…
To no one’s surprise, money remains a primary concern for many Canadians. As of last year, it was the top stressor for 44% of Canadians, up from 40% the year before, according to FP Canada’s annual Financial Stress Index. With everything that’s going on, budgeting and planning for retirement feels pointless. Why is it so…
Credit cards to save on exchange fees Credit cards often offer the most sensible way to spend abroad, says Barry Choi, who runs the Money We Have personal finance and travel website. They typically charge foreign transaction fees of about 2.5% on each purchase—a cheaper option than those done via debit card or ATM. “A…
The Nova Scotia Federation of Labour says the tariffs represent an unprecedented challenge to the province’s workforce. In a media statement, federation president Danny Cavanagh says Nova Scotia has thousands of workers employed in export-oriented industries, including lumber, seafood, Christmas trees, paper products and tires from three Michelin plants. Those industries now face a severe…
