Financial News (Page 5)

Cindy’s Financial Lessons From the Pandemic

How has the pandemic informed your outlook on your financial future, and what money lessons have you learned from such…

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Don’t wait for your holiday credit card statement. Pay your debts now.

Attack your holiday debt proactively. Don’t wait for your holiday credit card statements to arrive in the mail to develop…

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Your Holiday Debt Plan

Good intentions only get you so far. Our holiday debt plan helps take concrete steps toward holiday bills in the…

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What is the Best Credit Utilization Ratio?

A credit utilization ratio in Canada has an impact on your credit score. Utilization ratios express the amount of credit…

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Benefits and Importance of Credit Monitoring

Credit monitoring in Canada has various benefits. It keeps your credit in good shape for future financing or other similar…

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A Financial Guide for Newcomers to Canada

Newcomers to Canada have a lot to adapt to. One of the things newcomers must learn and manage is their…

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Tia L. Made the Best of the Pandemic

Our Essay Question How has the pandemic informed your outlook on your financial future, and what money lessons have you…

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Credit Card Usage Habits Survey 2021

Last month, Consolidated Credit Canada conducted a survey asking people general questions about their credit card usage and knowledge. We…

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How Covid-19 Affected Canadian Household Debt

The COVID-19 pandemic has changed the shape of Canadian debt. Consumer debt has risen to record highs. Even though consumer…

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Following the 50/30/20 Budgeting Rule (Janet W.)

Our Essay Question How has the pandemic informed your outlook on your financial future, and what money lessons have you…

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What is Inflation?

Inflation is the ongoing increase in the average level of prices over time. It causes economic issues. People may not…

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Learning to Prioritize Financial Goals (Cindy C.)

Our Essay Question How has the pandemic informed your outlook on your financial future, and what money lessons have you…

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Wages in Canada Are Set To Rise in 2022

Inflation happens whether Canadians see more money in their pockets or not. The Ontario and Prince Edward Island provincial governments…

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Learning the Value of Money (Dylan N.)

Our Essay Question How has the pandemic informed your outlook on your financial future, and what money lessons have you…

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Holly K. Sees The Big Picture

Our Essay Question How has the pandemic informed your outlook on your financial future, and what money lessons have you…

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How Long Does Information Stay on My Credit Report?

A credit report is a snapshot of your financial health. Creditors use credit reports and scores to extend credit. Everyone…

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How to Deal with a Debt Collector

A debt collector is someone collecting debts. When the company you owe money to carries your unpaid debts, they bring…

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How CERB Taught Me Budgeting (Michelle A.)

Our Essay Question How has the pandemic informed your outlook on your financial future, and what money lessons have you…

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Canada’s Economic Recovery Disrupted by Supply Chain Issues

Supply chain issues around the world are affecting Canadians. The Bank of Canada Governor, Tiff Macklem, expects a temporary high…

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Canadians Planning to Spend More on Holiday Shopping 2021

Canadians are ready and excited for 2021 holiday shopping. The Retail Council of Canada (RCC) issued their annual Holiday Shopping…

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Christy G. Tackles The Obstacles To Mitigate University Expenses

When I first began high school, I constantly asked myself, “who am I?” I knew that at the end of…

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Statement balance vs current balance: What’s the difference and why does it matter?

Each month credit card companies send out your credit card statement. This statement has a balance owing which is the…

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The Impact of Semiconductor Shortage on Canadian Jobs

There is a global semiconductor chip shortage. All types of electronics use semiconductor chips. Both your cell phone and automobiles…

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Money Lessons From Scholarship Applicant Benjamin G.

Our Essay Question How has the pandemic informed your outlook on your financial future, and what money lessons have you…

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Hal A. Survived Hospital Stays and Continues His Education

An interesting thing we’ve found from our scholarship contest is that applicants come from all walks of life. They live,…

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The Canada Recovery Sickness Benefit (CRSB)

Update: CRSB ended on May 7, 2022 If you are eligible, you can only apply for open CRSB periods, up…

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Credit Card Habits Survey

Consumers’ financial habits in Canada appear to be changing this year after Covid-19. The use of credit in Canada continues…

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How the 2021 Federal Election May Affect Housing Costs

Housing markets change under different circumstances. As such, many factors influence real estate trends. For example, immigration, inflation, interest rates,…

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Shrinkflation

If you’re a regular at your neighbourhood restaurant, you usually get used to paying the same prices for your meal.…

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Robbie Shifman

Canada Emergency Wage Subsidy (CEWS)

Update: All claim periods for the CEWS are now closed. COVID-19 has created difficulties for Canadian individuals and businesses. So,…

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