The Ontario Lottery and Gaming Corporation (OLG) has announced an exciting start to 2025, with a $60 million Lotto Max jackpot ticket sold in Etobicoke. The lucky winner from Tuesday’s draw now holds Ontario’s first major Lotto Max victory of the year! A Life-Changing Win in Etobicoke The $60 million prize is a life-altering amount, Continue reading
Month: January 2025
EU Commission Proposes Pan-European Rules to Help Innovative Firms Harness the Single Market
The European Commission has unveiled a new initiative aimed at preventing innovative startups from relocating to the United States. The proposed framework, dubbed the “28th regime,” seeks to simplify business operations across the 27-nation European Union by introducing a unified set of rules for startups. This announcement was made by Commission President Ursula von der Continue reading
AUD/USD on the Brink of Recovery: Analysts Predict a Push Towards 0.6350
The Australian Dollar (AUD) is showing early signs of a recovery against the US Dollar (USD), sparking optimism among traders and analysts. According to UOB Group’s FX strategists Quek Ser Leang and Lee Sue Ann, the pair may break above the key level of 0.6305, though 0.6350 remains a more distant target for now. The Continue reading
Salmonella Outbreak Across 5 Provinces Linked to Mini Pastries Sickens 61
The Canada Food Inspection Agency (CFIA) has issued a recall for a brand of Sweet Cream mini pastries following a salmonella outbreak that has affected 61 individuals across five provinces. This article covers the key details surrounding the recall, affected products, and the health risks involved. Salmonella Outbreak Affects Multiple Provinces The Public Health Agency Continue reading
Canadian Headline CPI Falls Short of Expectations in December
Canada’s inflation rate saw a slight decline in December 2024, according to Statistics Canada. The Consumer Price Index (CPI), which measures changes in the cost of goods and services, rose by 1.8% year-over-year. This marks a small step down from November’s 1.9% increase and fell slightly below analysts’ expectations of 1.9% growth. On a monthly Continue reading
January Old Age Security Payments Here’s What You Could Receive
January is already more than halfway over, and that means seniors across Canada can expect their first government benefit payments of the year soon. Among these payments are the January Canada Pension Plan (CPP) and Old Age Security (OAS) payments, two vital programs that help seniors manage their living expenses. Old Age Security (OAS) is Continue reading
Boost Your 2025 CCB Payments by Up to $300 If You Live in These Provinces
Hey parents! Did you know you could get more out of your Canada Child Benefit (CCB)? Beyond the federal payments, you may qualify for extra provincial or territorial top-ups depending on where you live. These add-ons can make a big difference in your monthly budget, so let’s dive into what’s available across Canada in 2025. Continue reading
USD/CAD Edges Higher on Modest USD Strength but Struggles to Break Past Mid-1.4300s
The US Dollar (USD) has recently gained traction, moving away from its two-week low retested earlier this week. This upward movement can be attributed to several key factors, including a modest recovery in US Treasury bond yields. Meanwhile, the Canadian Dollar (CAD) faces pressure due to several economic and geopolitical developments. USD Gains Momentum Amid Continue reading
Montreal Rent Prices Predicted to Climb Over 5% in 2025
The Tribunal administratif du logement, Quebec’s housing tribunal, has announced its rent increase guidelines for 2025. These updates have significant implications for tenants and landlords alike. Here’s a breakdown of what to expect, along with key insights from tenant advocates and landlords. Average Rent Increases for 2025 Tenants in Quebec can expect significant rent hikes Continue reading
What Happens if you Overcontribute to CPP in 2025? A Complete Guide
Navigating your tax return can be challenging, especially when it comes to Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) contributions. Here’s a comprehensive guide to help you understand how to calculate and claim overpayments depending on your province or territory of residence as of December 31, 2024. What Are CPP and QPP Contribution Continue reading