Canada’s latest $1 coin is melting hearts with its charming design featuring an adorable sleeping polar bear cub. A must-have for collectors and nature enthusiasts, this new release by the Royal Canadian Mint is a tribute to Canadian wildlife with a whimsical twist. Introducing the 2025 Baby Gift Card Set The 2025 Baby Gift Card 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.
Amazon’s Shocking Exit from Quebec: Over 1,700 Jobs Lost as Warehouses Close
Amazon, the global e-commerce giant, has announced the closure of all its warehouses in Quebec, resulting in the layoff of more than 1,700 regular employees and 250 temporary seasonal workers. This sudden decision has sent shockwaves across the province, leaving workers and communities scrambling for answers and alternatives. Amazon to Cease Quebec Operations in Two Continue reading
Etobicoke Resident Wins $60 Million Lotto Max Jackpot: Ontario’s First Big Win of 2025!
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
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
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
USD/CAD Defends Bullish Momentum Amid Turbulence: Will the Breakout Materialize?
The USD/CAD currency pair has shown resilience, bouncing back from a one-month low of 1.4259 to chart a fresh four-year high at 1.4514. This recovery underscores the pair’s ability to weather volatile conditions as it remains in a tight trading range. Tight Trading Zone Holds the Key Despite the recent fluctuations, USD/CAD continues to oscillate Continue reading
Will a Weak Canadian Dollar Stoke Inflation? The Ripple Effect
As Donald Trump assumes the presidency in the United States, the specter of aggressive tariffs looms large. This could have profound implications for the Canadian economy, potentially driving inflation higher. Beyond direct trade confrontations, a weaker Canadian dollar could act as a catalyst for increased prices domestically, limiting the Bank of Canada’s ability to cut Continue reading
Why Will You Receive an Additional CPP Payment in 2025?
The Canada Pension Plan (CPP) has undergone significant changes in recent years, all aimed at increasing retirement income for working Canadians and their families. The CPP enhancement, which began on January 1, 2019, is a series of adjustments designed to provide higher benefits for those contributing to the plan. In 2025, these changes will continue, Continue reading
CRA to Review Benefits for 200k Canadians in 2025: What You Need to Know
The Canada Revenue Agency (CRA) is preparing for its annual benefits review in 2025, which means approximately 200,000 Canadians will receive letters requesting updated information. While this might sound daunting, it’s a routine process to ensure government benefits like the Canada Child Benefit (CCB) and GST/HST Credit are accurate and sent to the right recipients. Continue reading
How Potential Tariffs Could Affect Your Wallet: What You Need to Know
The possibility of tariffs has been making headlines, with U.S. president-elect Donald Trump suggesting a 25% levy on Canadian goods. While the primary focus is on the potential impact on industries, consumers may also feel the effects directly at the checkout counter. Here’s a closer look at how tariffs could influence your wallet and daily Continue reading