Statistics Canada reports household net worth reached $18.4 trillion in Q3 2025, averaging $1.07 million per household. Wealth distribution varies significantly by age, province, and income bracket, with real estate and financial assets playing key roles.
TurboTax expert Stephanie Ricchio details new tax credits, deadline adjustments, and essential filing strategies for the 2026 tax season in Canada.
New Westminster police confiscated $11,000 in counterfeit currency from a Safeway store, highlighting ongoing efforts to combat financial fraud in the region.
As mortgage rates climb, banks are contacting homeowners months before renewal. Experts warn that attractive rates may hide costly penalties and terms requiring careful scrutiny before signing.
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The Canadian government has implemented a new rule capping non-sufficient funds fees at $10 per transaction, aiming to ease financial strain for households during the cost of living crisis.
Gold prices are surging as geopolitical conflicts and global tensions create investor uncertainty, with experts predicting continued volatility in precious metals markets.
The Bank of England announces a major redesign of UK banknotes, replacing historical figures like Winston Churchill with native animals. The move sparks political controversy.
A Nova Scotia court has imposed stricter supervision on the troubled investment firm of seafood magnate John Risley, following financial difficulties and regulatory concerns.
The Bank of England's decision to replace historical figures like Winston Churchill with native wildlife on banknotes has ignited a fierce political debate, with critics labeling it 'woke' while supporters cite security and public preference.
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The Bank of England plans to replace Winston Churchill and other historical figures with native wildlife on new banknotes, drawing criticism from Conservative lawmakers who argue Churchill's legacy should be preserved.
Internal documents reveal JPMorgan maintained contact with Jeffrey Epstein for years after red flags were raised, processing over $1 billion in transactions while he generated significant revenue for the bank's private wealth division.
The Bloomberg Global Aggregate Index has turned flat for 2026 as oil prices surge above $100, reversing earlier gains and triggering a fixed-income selloff driven by Middle East conflict concerns.
Winston Churchill will be phased out from British five-pound notes as part of a broader redesign, marking a significant shift in the nation's currency representation.
As the U.S. and U.K. implement measures against de-banking, Canada faces criticism for inaction on banks denying services based on political views, with concerns over ideological targeting of industries and activists.
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A concerning trend of financial nihilism is pushing Generation Z Canadians toward high-risk investing strategies like meme stocks and crypto, driven by economic pessimism and housing unaffordability.
Starting this Thursday, new federal regulations will limit non-sufficient funds fees to a maximum of $10 per transaction, providing financial relief for consumers across Canada.
Loto-Quebec anticipates achieving a $1.5-billion profit in 2026, continuing its strong financial performance from previous years, as reported by The Canadian Press.
The Canadian Public Accountability Board's annual review reveals significant findings at all four major accounting firms, with KPMG showing the highest rate of issues at over 20% of inspected files.
Forbes' 2026 billionaires list features 82 Canadians among a record 3,428 global billionaires, led by Changpeng Zhao, Stuart Hoegner, and other notable figures from crypto, media, and energy sectors.
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A TD Bank report shows Canada's wealth gap contracted 5% from 2019-2023, with bottom 40% households seeing 76% net worth surge. Younger households gained significantly.
Scotiabank increased CEO Scott Thomson's total compensation by 28% to $13.2 million in fiscal 2025, driven by a substantial bonus and strategic successes in North America.
JPMorgan Chase is limiting lending to private credit funds after marking down software company loans, signaling stress in the $1.8 trillion industry as Jamie Dimon warned of more 'cockroaches' surfacing.
The S&P/TSX composite index fell by nearly 100 points, while U.S. stock markets displayed a mixed performance, reflecting ongoing economic uncertainties and global market volatility.
The Canadian pension fund manager OPTrust has announced a solid 4.2% return on investments for the 2025 fiscal year, demonstrating resilience amid global economic volatility and energy market uncertainties.
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Toronto-Dominion Bank compensated former CEO Bharat Masrani $3 million in 2025 for advising on anti-money laundering remediation, as the bank faced $3.1 billion in U.S. fines.
The Bank of England announces new banknote designs featuring native wildlife like hedgehogs and badgers, replacing historical figures such as Winston Churchill and Jane Austen after public consultation.
A Vancouver-based company illegally funded 47 mortgages over six years despite lacking proper registration, raising concerns about regulatory oversight in the financial sector.
Wall Street regulators SEC and CFTC announce enhanced coordination on enforcement actions and examinations to eliminate duplicative efforts and reduce confusion for financial firms operating under both agencies' jurisdictions.
Canadian subprime lender Goeasy Ltd. suspended its dividend and withdrew its outlook after announcing a $233 million write-off on consumer loans, with shares plunging 39% in Toronto trading.
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The Healthcare of Ontario Pension Plan reported a robust net return of 7.7% for 2025, highlighting strong investment performance amid economic fluctuations.
