Christmas Eve 2024 in Toronto brings a mix of open and closed establishments, making it crucial for anyone planning last-minute gift shopping, grocery runs, or just a regular day out to know what to expect. While Christmas Eve isnโt a statutory holiday, many businesses will close early to prepare for the festivities. General Services Open Continue reading
Kathy Hilton
How much can I put in my TFSA for 2025?
Canadian TFSA (Tax-Free Savings Account) investors are in for great news! The government has announced an increase in the annual contribution limit for 2025, rising by $7,000. This boost brings the total cumulative contribution room for Canadians born before 1991 to a staggering $102,000. Maximize Tax-Free Investment Growth in a TFSA While $7,000 may not Continue reading
Canadians Could Benefit from Proposed Multimillion-Dollar Electronics Settlements
If you own a smartphone, computer, or other electronic devices, you may be eligible to participate in two proposed class-action settlements in Canada. These settlements address allegations of price fixing related to linear resistors, a crucial electronic component used in many household and personal items. What Are Linear Resistors? A linear resistor is an essential Continue reading
Experts’ Predictions for Canada’s Housing Market in the Coming Year
High housing costs and mortgage interest rates have long dampened the dreams of many Canadians hoping to own a home. However, changes in the market are slowly starting to turn the tide. The Bank of Canada (BoC) has been reducing its key interest rates over the past year, with more cuts expected in the near Continue reading
National Bank Receives Final Approval for Canadian Western Bank Acquisition
The National Bank of Canada’s $5-billion acquisition of Canadian Western Bank (CWB) has cleared its final regulatory approval, marking a significant milestone in the deal. With the approval from the federal finance minister, the acquisition is set to be completed on February 3, 2025. Final Approval Clears the Path for Completion The approval from the Continue reading
Chief Actuary’s Report on UCP’s Proposal to Tap Into Canada Pension Plan Fund: Forget About Achieving 53%
The recent release of a report by the Chief Actuary of Canada has brought clarity to Alberta’s potential entitlement if the province were to separate from the Canada Pension Plan (CPP). Contrary to earlier claims by a report commissioned by the United Conservative Party (UCP) government, Alberta would not be entitled to the 53% of Continue reading
Canada’s Top Grocery Store Revealed โ And Itโs Not Loblaws, Sobeys, or Metro
When you think of grocery stores in Canada, a few big names probably come to mind right away. The country’s “big three” supermarkets โ Loblaw, Sobeys, and Metro โ dominate the landscape, collectively selling nearly 60% of all groceries nationwide. But there’s another contender making waves in the grocery game: Costco. While it might not Continue reading
Costco Ranked Best Grocery Retailer in CanadaโHereโs How Other Stores Compare
Costco has solidified its position as the top choice for Canadian shoppers, according to the latest Dunnhumby Retailer Preference Index (RPI). This nationwide study, conducted by the customer data science company Dunnhumby, analyzed financial data from 28 of Canadaโs largest grocery banners and surveyed 6,000 Canadians to identify the most preferred grocery retailers in the Continue reading
How Ontario Residents Are Affected by the Canadian Dollar Dropping Below 70 Cents USD
The Canadian dollar (CAD) fell below $0.70 U.S. on December 18, nearing a five-year low against the American dollar. This development could impact snowbirds vacationing in the U.S., holiday shoppers eyeing Boxing Day deals in Buffalo, and even the cost of fresh produce this winter. Current Exchange Rates The Bank of Canadaโs currency converter showed Continue reading
Survey Reveals 70% of Mortgage Holders Fear Upcoming Renewal
Mortgage Professionals Canada (MPC) recently released its mid-year update of the Semi-Annual State of the Housing Market Report, highlighting trends and challenges faced by Canadian homeowners and potential buyers. This yearโs findings reveal both ongoing financial anxieties and improving consumer sentiment about homeownership. Anxiety Surrounding Mortgage Renewals Among mortgage holders facing renewal within the next Continue reading