If you’re registering for Centrelink for the first time in 2025, the process might seem overwhelming, but with the right steps, it becomes straightforward. Centrelink, managed by Services Australia, provides financial aid and essential support services to needy Australians. Whether you’re unemployed, a student, retired, or facing financial hardship, this guide will help you complete Continue reading
CPP Payment Increases Slow in 2025, Leaving Retirees Feeling the Squeeze
Retirees relying on Canada Pension Plan (CPP) payments will see only a 2.6% increase in 2025—significantly lower than the 4.4% hike in 2024. With inflation still affecting essential expenses such as groceries and fuel, many seniors struggle to make ends meet. Starting this month, the maximum monthly CPP payment for individuals beginning their pension at Continue reading
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
RBA Boss Predicts Cash Will Fade in a Decade as Inflation Battle Continues
Reserve Bank of Australia (RBA) Governor Michele Bullock has issued a stark warning that cash usage in Australia is in “long-term decline” and may only remain viable for another decade. Speaking at a parliamentary hearing in Canberra, Bullock emphasized that lower-income households and regional communities would be the most affected by the diminishing access to Continue reading
Guzman Y Gomez’s $12 Meal Takes Australia by Storm as U.S. Sales Stumble
Mexican fast-food giant Guzman Y Gomez (GYG) has revealed that its value menu has been a surprise best-seller, driving same-store sales growth in Australia while the company faces mounting challenges in the U.S. market. The Australian-born food chain, which became one of 2024’s most highly anticipated IPOs, posted a $7.3 million first-half profit, surpassing expectations Continue reading
CRA Inflation Relief Payment: $1200 Extra OAS Deposit for Canadian Senior Citizens
In response to rising inflation, the Canadian government has introduced additional support for senior citizens through a $1,200 extra Old Age Security (OAS) payment. This one-time payment is part of a broader relief effort aimed at helping seniors manage the increased cost of living. What is the $1,200 Extra OAS Payment? The $1,200 payment is Continue reading
Delta Air Lines Offers $30,000 to Passengers After Dramatic Crash Landing at Toronto Pearson Airport
Delta Air Lines has announced that it will provide $30,000 in compensation to each of the 76 passengers aboard flight 4819, which crash-landed at Toronto Pearson International Airport earlier this week. The airline emphasized that this financial gesture comes with “no strings attached” and does not impact passengers’ legal rights. Harrowing Crash-Landing at Pearson: What 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