Tax season in Canada can often feel overwhelming, with the endless list of documents to gather, claims to remember, and tax benefits to take advantage of. But don’t worry – tax filing doesn’t have to be stressful. The Canada Revenue Agency (CRA) will open online tax filing on February 24th, and it’s time to get Continue reading
Kathy Hilton
Will CPP & OAS Benefits See Higher Payouts or Increased Contributions in 2025?
Canadians who rely on the Canada Pension Plan (CPP) and Old Age Security (OAS) will experience some significant changes in 2025. These adjustments aim to enhance retirement benefits, but they also come with some challenges, including higher contributions for higher-income earners. Here’s a detailed look at the upcoming updates and how they could impact your Continue reading
Thousands shovel out as OPP clears snowy roads in southwestern Ontario
A powerful snowstorm that blanketed southwestern Ontario and forced widespread road closures across multiple counties has largely passed, but the aftermath continues to affect residents. As of Wednesday morning, thousands of people, hampered by heavy snow, high winds, and treacherous road conditions, began the process of digging out and trying to return to normal life. Continue reading
USD/CAD Climbs Toward 1.4200 Ahead of FOMC Minutes Release
The USD/CAD currency pair continued its upward trajectory on Tuesday, hovering around 1.4195 during the late American session. This positive movement was driven by the hawkish remarks from Federal Reserve (Fed) officials, which provided robust support for the US Dollar (USD). Market participants are closely eyeing the upcoming release of the Federal Open Market Committee Continue reading
Ongoing Strain in US-Canada Relations Impacting Tourism
The recent deterioration in US-Canada relations has started to impact the tourism industry, with more and more Canadians canceling their planned trips to the United States. President Donald Trump’s controversial tariffs and his push for Canada to become the 51st state are at the heart of this growing sentiment, which is particularly felt in tourism Continue reading
TikToker Stunned by Soaring Prices of Chips and Groceries in Canada
In a time when food prices are climbing higher every year, Canadians are increasingly noticing just how much their grocery bills are spiking. TikTok user @lilnife recently posted a video that perfectly captured this shocking reality during her latest grocery shopping trip in Burnaby, B.C. She shared her disbelief over the price of two popular Continue reading
USD/CAD Price Prediction Potential to Approach 1.4200 Resistance at Nine-Day EMA
The USD/CAD currency pair has given up its recent gains from the previous session, currently trading around 1.4180 during the Asian trading hours on Wednesday. The technical outlook on the daily chart highlights a potential breakout from a falling wedge pattern, a bullish chart formation that could signal an impending upside movement if the price Continue reading
Trudeau Announces New High-Speed Rail Line Between Toronto and Quebec City with 300 km/h Trains
On Wednesday, the Liberal government unveiled its ambitious plan for a groundbreaking high-speed rail line connecting Quebec City and Toronto, a project that Prime Minister Justin Trudeau described as the largest infrastructure initiative in Canadian history. The six-year, $3.9 billion investment will establish a cutting-edge, all-electric rail system, aiming to reshape transportation across the densely Continue reading
Ontario, Canada has issued a food recall for certain products containing undeclared milk, peanuts, and mustard. Consumers are advised to check their freezers and pantries for these items.
The Canadian Food Inspection Agency (CFIA) has announced several food recalls due to undeclared allergens, raising concerns about consumer safety. These recalls involve food items such as frozen flatbreads, falafel, and pizza, all of which may cause serious allergic reactions if consumed by individuals with sensitivities to certain ingredients. Here’s a closer look at the Continue reading
Loblaw to Invest $10 Billion Over Five Years, Opening 80 Stores in 2025
Loblaw Companies Limited is gearing up for a significant expansion in 2025, planning to open 80 new grocery and pharmacy locations across Canada, with about 50 of those being discount grocers. The company’s bold move comes as part of a broader $10 billion investment over the next five years, with $2.2 billion earmarked for this Continue reading