Money News

Money News – November 2021

Personal Finance in the News – November 2021: Welcome to Money News – November 2021! This month we look at rising inflation, its impact on taxes, and further extensions to Canada’s Covid benefits. Read and Watch: Inflation continues to run hot in the US and Canada, where the rates of inflation have hit 6.2% and 4.7% respectively. This is the…

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Money News

Money News – October 2021

Personal Finance in the News – October 2021: Welcome to Money News – October 2021, and Happy Halloween! This month we look at the end of the Canada Recovery Benefit, the state of Canada’s housing market, and shifting mortgage market dynamics. This update also covers North America’s ongoing labour shortage, and if it pays to be in a relationship. Read…

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Money News

Money News – September 2021

Personal Finance in the News – September 2021: Welcome to Money News – September 2021! This month we look at what the Liberals plan to do for housing affordability now that the election is over. Other topics we’ll cover include climate change and insurance, minimum wage increases across Canada, and the “great resignation”. Read and Watch: Now that the election…

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Money News – August 2021

Personal Finance in the News – August 2021: Welcome to Money News – August 2021! Noteworthy news this month includes an overview of how each political party plans to address housing affordability if elected. Plus articles on zero cost trading commissions coming to Canada, and the stock market experiencing its fastest rally ever. Read: Canada’s elections are in full swing,…

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Money News – July 2021

Personal Finance in the News – July 2021: Welcome to Money News – July 2021! Noteworthy news this month includes record low variable mortgage rates, tax efficient giving to adult children, and Canada’s expanded workers benefits. Read: Just when you thought mortgage rates couldn’t get any lower, they go ahead and do just that. Earlier this month, Ratehub.ca reported the…

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Money News – May 2021

Personal Finance in the News – May 2021: Welcome to Money News – May 2021! Noteworthy news this month includes reflections on past inflation cycles, changes to the housing market with stricter stress tests starting June 1, and banks misplacing their clients’ money. Read: A lot of people are talking about inflation after both US and Canadian inflation accelerated at…

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Money News – April 2021

Personal Finance in the News – April 2021: Welcome to Money News – April 2021! I have three noteworthy news topics for you this month. We’ll cover Canada’s new taxes, inflation, and the upcoming April 2021 tax deadline.   Read: The Federal Government has released its first budget in two years. This budget proposes a host of new taxes. Jamie…

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Money News – January 2021

Personal Finance in the News – January 2021: Welcome to Money News – January 2021! I have four noteworthy news topics for you this month. Read: For those of you interested in stocks, this month has been bonkers, with the market ripping higher. Most noteworthily, an online community of individual investors (often called retail investors) has taken aim at institutional…

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Money News – December 2020

Personal Finance in the News – December 2020: Welcome to Money News – December 2020! I have four noteworthy topics for you this month. Read: The era of low interest rates and high real estate prices continues. This month, HSBC offered a mortgage rate below 1%. This is a first in Canada, and a record low. Though rates could still…

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Money News

Money News – November 2020

Personal Finance in the News – November 2020: Welcome to Money News – November 2020! I have five noteworthy topics for you this month. Read & Watch: Not all is doom and gloom out there in this Coronavirus pandemic. Canadians are sitting on a record $90 billion in cash according to this BNN-Bloomberg article. The Household Savings Rate has also…

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Money News – October 2020

Personal Finance in the News – October 2020: Read: The Bank of Canada has ended a pandemic program that helped real estate prices surge. This largely unknown but wide-reaching policy saw the Bank of Canada buy nearly $10 billions in mortgage bonds. This artificially lowered borrowing costs and helped send home prices through the roof. What happens now is anyone’s…

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Money News – August 2020

Personal Finance in the News – August 2020: Here’s a summary of Money News in August 2020: Read & Watch: For many unemployed Canadians, the biggest financial news comes by way of changes to the Canada Emergency Response Benefit (CERB). There are many good articles out there on the topic, including these by CTV, Global News, and BNN-Bloomberg. Read: Speaking…

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Money News – July 2020

Personal Finance in the News – July 2020: Here’s a summary of Money News – July 2020: Read & Watch: Last month I wrote about a nationwide coin shortage in America. Turns out the Americans are not alone! Here at home, there is a shortage of $50 bills as Canadians hoard them. This may not be a bad thing though…

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Money News – June 2020

Personal Finance in the News – June 2020: Here’s a summary of June 2020’s Money News: Read & Watch: CMCH is tightening mortgage rules for homebuyers. Credit scores are becoming more important and debt service ratios are becoming more conservative – therefore more mortgage conservatism may be a good idea given the debt loads out there. For more on that…

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Money News – May 2020

Personal Finance in the News – May 2020: Here is a summary of May 2020’s Money News. This time around, topics that grabbed my attention included mortgage deferrals, COVID-19 scams, and changes in consumer behaviour. Read & Watch: Canadians are falling victim to a variety of new COVID-19 scams. These articles by BNN-Bloomberg, CBC, and Richmond News detail the common…

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Money News – April 2020

Personal Finance in the News – April 2020: Here is a summary of April 2020’s Money News. As you can guess, COVID-19 and the global health crisis continue to dominate everything, including personal finance. Read: Many families have been deferring their mortgage payments as layoffs mount and the recession bites. As of early April, almost 500,000 Canadians had requested mortgage…

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Money News – March 2020

Personal Finance in the News – March 2020: March 2020’s Money News is here! As the global health crisis goes from bad to worse, the economic costs are piling up and spilling over into significant financial hardship. Read: The US and Canada have reported their largest weekly initial unemployment claims ever at 3,280,000 and 929,000 respectively. For perspective, the previous…

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Money News – February 2020

Personal Finance in the News – February 2020: February’s Money News has been a rough month for financial markets as the COVID-19 virus continues to spread. Though this outbreak has understandably dominated headlines and may have widespread financial impacts, there were many other interesting personal finance stories this month: Read & Watch: These articles by the Globe and BNN discusses…

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Money News – January 2020

Personal Finance in the News – January 2020: Welcome to January’s Money News, and a brand-new decade! Here are a few personal finance focused news articles that grabbed my attention this January: Read: In this article, Jamie Golombek at the Financial Post explains how the CRA has redesigned the T1 Personal Income Tax form for the coming tax year. Are…

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Money News – December 2019

Personal Finance in the News – December 2019: Here is December’s Money News: Read & Watch: Daniel Tencer at The Huffington Post explores the differences between American and Canadian finances. This article also explores how the differences highlight potential financial lessons, warnings, and opportunities. Read: Surviscor has released its 2019 Online Brokerage Review. In addition to providing a good overview…

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Money News – November 2019

Personal Finance in the News – November 2019: A quick glance at November’s Money News for you: Read: November is Financial Literacy Month here in Canada – this makes November the perfect time to launch My Money Moves! In addition to going through my latest Money Blogs, you may also be interested in this Market Watch article that breaks down…

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Money News

Money News – October 2019

Personal Finance in the News – October 2019: A quick glance at October’s Money News: Read: New York Life Insurance Company takes a look at common financial regrets. What do you regret? Or, more importantly, what do you fear regretting in the future? And what can you do today to reduce the chances of regret? Read & Watch: According to…

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