By some measures, Canada’s economy is falling behind the U.S. Here’s what that means.

Driving the news: While our American neighbours watch their economy grow, Canada is continuing to grapple with challenges in maintaining its economic stability. Consumers are pulling back on their spending, a phenomenon that has been driven by a variety of factors:

The golden era of cash ETFs could be coming to a close, thanks to some new house rules courtesy of Bay Street’s watchdog.  

Driving the news: Canada’s banking watchdog is imposing new rules on one of Canada’s most popular retail investments, cash exchange-traded funds (ETFs), a move that will lower the big returns investors have been getting from the funds, per The Globe and Mail.

If you ask some experts, financial planning isn’t just a numbers game but a way of life. 

Driving the news: As economic times get tough, a wave of financial experts are leaning into mindfulness (yep, you read that right) to help manage their money. They say that calming down your nervous system or making time for reflection can help you foster better financial decisions — or, at the very least, help you keep your cool if the markets fall… and if they keep falling. 

Home sweet home, sure. But how?

Driving the news: The cost of buying a home in Canada versus renting is facing one of the most extreme price discrepancies since the early 2000s. Monthly mortgage payments for the average-priced home are now well over double the nation’s average monthly rent. 

The cat’s out of the bag. And it might be scratching through your bank account…

What happened: A survey studied the annual costs for pet owners and parents, finding that 40% say caring for animals is as costly as raising a kid — we’re not kitten around. But how much does it really cost to be a pet owner in Canada?

Ham, yams, the fam, and the inflation slam – yes, it’s Thanksgiving this weekend.

Or, in other words, while turkeys are getting stuffed, your wallets are not. 

Driving the news: Grocery bills had increased by an average of 6.8% at the end of summer compared to August 2022, so go easy on the gravy train this weekend. One Toronto Redditor recently reported finding an oven-roasted turkey for $119.99 and other birds for $59.99.

The last time GIC rates were this high, flip-phones were cool and frosted tips were…tolerated.

 Driving the news: With Canada's interest rates sitting at the highest level seen since the early 2000s, the returns on guaranteed investment certificates (GICs) have also been soaring.  

If you’re looking to escape the frozen tundra that is winter in Canada (at a reasonable price), there are a few things you should keep in mind.

Driving the news: With Black Friday and Cyber Monday coming up in November, travel deals will be among the many savings on full display. But outside of those big flash sales, saving money on your travel always comes down to a couple of key factors, per The Globe and Mail.

As it turns out, even the latest celebrity gossip can offer up a little financial wisdom.

Driving the news: Musician Joe Jonas and actor Sophie Turner are the latest celebrity couple to file for divorce this year, adding to a star-studded list including Ariana Grande, Britney Spears, and Kevin Costner. They reportedly have an "ironclad” prenuptial agreement, or prenup, that will allow Jonas to keep his music royalties while Turner will keep her acting earnings. 

A new report from research and management firm Morningstar shows that only 48% of the revenue streams for Canadian equities are sourced domestically. In other words, your investments could be getting more globalized – whether you know it or not. 

Driving the news: According to Morningstar, Canada is joining the likes of the United States, Japan, and Australia as its companies’ revenues become more internationally focused.