All Economy stories

Is today the day we finally see rate cuts?

With inflation stabilizing below 3% and the economy slowing, Bank of Canada (BoC) Governor Tiff “Big Mack” Macklem is expected to finally cut its policy rate today from 5% to 4.75%.

Driving the news: After 27 long months, rate easing would come as a relief for the millions of Canadians struggling to pay off debt and mortgages amid elevated borrowing costs. 

To get a job, you better (net)work

When it comes to landing a new job, networking has become more important than ever.

Moving out of the city won’t solve all your money problems

City slickers reportedly want to move to more affordable areas of the country, but leaving a big city comes with hidden costs. 

Border services strike could begin this week

You may need to give yourself some extra time at the border if you’re travelling this summer, depending on how negotiations with the union repping border officers go this week. 

Driving the news: Mediation to avoid a strike begins today between the Treasury Board of Canada and more than 9,000 Canada Border Services Agency (CBSA) workers represented by the Public Service Alliance of Canada (PSAC).

Your loonie can get you further in these vacay spots

Believe it or not, the loonie is still valuable in some parts of the world.

Stock trading just got a speed boost

Like us after our afternoon espresso shot, stock transactions are doubling their efficiency. 

As of this week, payments from sales of stocks or securities must be paid in full within a business day of the transaction going down, replacing the old two-day window.

You deserve a financial planner

It’s a myth that financial planners are only for the wealthy — they can help anyone feel less stressed about money.

Why are more people spending their dollars at small grocers?

As many Canadians boycott Loblaw-owned stores for the month of May, more people are spending their cash at alternative grocery options.

Canadians are juggling a double-shift

More Canadians are finding themselves caught in the “sandwiched” generation, balancing care for both elderly parents and their own children.

Is that second degree worth it?

If you’re thinking of getting another degree, make sure to weigh the costs against the benefits.