Finance

Canadians and Ontarians are eligible to receive a variety of benefits through the Government of Canada and the Province of Ontario in 2025. If you’re wondering when payments for programs like the Canada Pension Plan (CPP), Old Age Security (OAS), GST/HST credit, and more are scheduled, this guide has everything you need. Canada Pension Plan Continue reading

Approximately 15 million Ontarians can look forward to receiving a $200 rebate cheque from the provincial government by late January or early February 2025. A spokesperson for the province confirmed the timeline, which follows a promise made in October 2024 by Premier Doug Ford to help offset rising costs. Why Is Ontario Issuing the $200 Continue reading

A week after the first GST credit payments of the year were sent out, the federal government is stepping in with additional financial relief for eligible Canadians. Through the Advanced Canada Workers Benefit (ACWB), qualifying individuals and families will receive extra support starting this month. What Is the Advanced Canada Workers Benefit (ACWB)? The ACWB Continue reading

The first Advanced Canada Workers Benefit (ACWB) payment of 2025 will reach eligible Canadian residents’ bank accounts on January 10. This quarterly payment provides crucial financial support for low-income workers across Canada, helping them manage rising living expenses. What Is the Advanced Canada Workers Benefit? The Advanced Canada Workers Benefit (ACWB) is part of the Continue reading

The Canadian dollar’s recent decline against the U.S. dollar has sparked a mix of reactions from both Canadian residents and American tourists. While it presents challenges for Canadians traveling abroad, it also provides enticing opportunities for U.S. visitors. A Holiday Gift for American Tourists For some American tourists visiting Canada during the holidays, the exchange Continue reading

Are you ready for some financial relief? The first Ontario Trillium Benefit (OTB) payment of 2025 is scheduled for January 10, 2025. This crucial program provides essential support to thousands of low- and moderate-income Ontarians, helping them manage increasing living expenses, including property taxes, energy bills, and sales taxes. With last year’s increase, the OTB Continue reading

The USDCAD currency pair remains within a tight three-week trading range of 1.4350-1.4400, despite a brief spike to 1.4465 on the first trading day of 2025. Here’s a detailed technical analysis of the current price action and potential future movements. Technical Indicators Suggest Weakening Momentum The recent price movement shows signs of weakening buying sentiment: Continue reading

The USD/CAD currency pair has closed above the 1.4000 level to end the year for the first time in over two decades. This milestone marks a significant shift, driven by key market fundamentals and geopolitical developments. Here’s a closer look at the factors behind this breakout and what traders should keep in mind moving forward. Continue reading

The Canadian Dollar (CAD) remains relatively unchanged during the current trading session, continuing to operate within the range established prior to the holiday break. According to Scotiabank’s Chief FX Strategist, Shaun Osborne, several factors contribute to the CAD’s recent performance and its limited potential for a rebound in the near term. USD/CAD Outlook: Resistance and Continue reading

The Canada Pension Plan (CPP) rate increases are essential adjustments made annually to ensure that benefits keep pace with the cost of living. These increases are determined by the Consumer Price Index (CPI) and are legislated under the Canada Pension Plan Act to protect the purchasing power of beneficiaries. When Are CPP Rate Increases Applied? Continue reading