The Canadian real estate market is struggling to regain its footing despite lower interest rates and extensive government stimulus. Recent data from the Canadian Real Estate Association (CREA) shows that home prices continued their downward trend in December, with most provinces experiencing price drops. Ontario stands out as the hardest-hit province, plunging deeper into correction Continue reading
Sophie Wilson
Sophie Wilson is a finance professional with a strong academic background, having studied at the University of Toronto. Her expertise in finance is complemented by a solid foundation in analytical and strategic thinking, making her a valuable asset in the financial sector.
Ontario Geography: Fascinating Facts That Will Make You Rethink the Map
Ontario, Canada’s second-largest province by land area, is home to an astonishingly diverse and expansive geography. From sandy beaches to polar bear territory, Ontario’s size and quirks often surprise even its long-time residents. Here are some mind-boggling geographic facts about Ontario that will have you double-checking your map. 1. Bigger Than You Ever Imagined Ontario’s Continue reading
Canadian Dollar Dips as Bank of Canada Rate Decision Looms
The Canadian Dollar (CAD) started the week on a softer note, easing by 0.3% against the US Dollar (USD) on Monday. With the Bank of Canada (BoC) set to announce its interest rate decision later this week, uncertainty has left the USD/CAD pair trapped in a narrow range. Here’s a closer look at the factors Continue reading
What the US New $10 Bill Means for the Economy: The Future of U.S. Currency
The United States is set to redefine its currency landscape with the introduction of a redesigned $10 bill, scheduled to debut in 2026. This groundbreaking update, spearheaded by the U.S. Bureau of Engraving and Printing (BEP), is designed to strengthen security measures against counterfeiting and usher in a new era of modernization for the dollar. Continue reading
6 Unique Canadian Coins to Watch for in 2025, Including a Stunning Light Blue Toonie
Discover the exciting new additions to Canadian coinage that could end up in your change this year! The Royal Canadian Mint has introduced a range of eye-catching coins, including a light blue toonie, an Anne of Green Gables loonie, and other striking designs. Here’s a detailed look at six must-see coins to keep an eye Continue reading
Canadian Dollar Outlook: USD/CAD Surge Fuels Tesla Price Hike in Canada
The Canadian dollar’s struggles amid a soaring USD/CAD exchange rate have triggered ripples across industries. One major impact surfaced recently as Tesla announced price increases for its Canadian market, with adjustments ranging from C$4,000 to C$9,000 depending on the model. This move sheds light on the broader implications of currency fluctuations, inflation, and central bank Continue reading
USD/CAD Dips as Canadian Dollar Strengthens on Robust Retail Sales
The Canadian dollar is making gains on Friday, bolstered by a strong retail sales report. During the European session, USD/CAD is trading at 1.4342, reflecting a 0.30% rise on the day. While there are no major Canadian economic events scheduled, market focus shifts to U.S. manufacturing and services PMIs due for release later today. Canada’s Continue reading
New Law and Regulation Changes in Ontario: Key Updates for February 2025
As February approaches, significant changes to laws and regulations in Ontario, as well as federal updates, are set to impact businesses and individuals across Canada. From tax deadlines to business registry updates, these changes could affect your daily life and financial plans. Here’s a detailed breakdown of what’s coming next month. 1. End of the Continue reading
$2,902.34 Monthly Income OAS Benefits for Senior Couples in Canada
As Canadian seniors navigate retirement, understanding the financial support available through the Old Age Security (OAS) program becomes essential. If you and your spouse rely solely on OAS benefits, here’s what you can expect in terms of monthly income, along with the latest updates on payment amounts. Breakdown of Benefits If both you and your Continue reading
Canadian Dollar on a Rollercoaster: Exploring the Week’s Turbulence
The Canadian dollar (CAD) faced a whirlwind of activity this week, as global markets reacted to significant shifts in economic and political dynamics. The U.S. dollar made a sharp comeback, strengthening against most major currencies, including the loonie, following a notable 1.2% drop earlier in the week—the largest decline since 2023. U.S. Dollar’s Rebound: What’s Continue reading