The last normal summer was in 2019. Since then, we’ve slipped into what feels like a perma-crisis world of pandemic, war in Europe, an overloaded health care system and climate change disruption. The world isn’t headed back to the... read more
If they ever reboot the TV show Thirtysomething, the characters should live at home with their parents. The late 1980s drama was about a group of people in their 30s juggling children and careers. In a... read more
David Dodge is a former governor of the Bank of Canada and deputy minister of finance. He is senior adviser at Bennett Jones LLP. Bob Fay is managing director of digital economy at the Centre... read more
Household finances are showing more signs of cracking under the weight of large debt loads and high interest rates – except when it comes to the most critical loans of all: mortgages. In the first quarter, Canadian household... read more
The overwhelming reason why adult kids are financially supporting their parents today is insufficient retirement savings. No other reason came close among the 926 people who completed a survey in the Carrick on Money newsletter for people... read more
For Toronto-based accountant Sonia Datta, the first signs of burnout began to crop up in early 2020. “I was just working all the time, doing everything possible to keep the company afloat – I was... read more
The young adults of Gen Z think they need an annual income of just more than $100,000 to live a comfortable life. Average income for this demographic is about $45,000, a gap that demands a... read more
Saijal Patel is the founder and chief executive officer of Saij Wealth Consulting, a consultancy and education platform dedicated to empowering women’s financial independence and security. As a financial educator and a business TV host, I’m... read more
Falling house prices have failed to make home ownership more affordable. Young adults are not taking it well. To gauge the mood of Gen Z and millennials on home ownership, I ran a survey in... read more
Mackenzie Larochelle, 26, and his girlfriend have what he calls an excellent deal: For a three-bedroom townhouse with a finished basement and two other roommates, they each pay $1,125 a month in rent. On their... read more
Almost 37 per cent of parents with adult kids are helping with grocery costs, almost 25 per cent are helping with rent, 10 per cent are helping with mortgage payments and nearly half provide random... read more
The way of things in Canadian personal finance is that it can takes years for a new vehicle like the First Home Savings Account to achieve mass popularity. Let’s skip that whole getting-to-know-you thing with the FHSA.... read more
It’s one thing to understand the importance of a budget – it’s another to actually follow a budget. The budget is one of the most basic personal finance tools. It’s a monthly tally of your income and... read more
Canada’s annual inflation rate fell to 5.2 per cent in February, the biggest drop since the early stages of the pandemic, although grocery prices are still climbing by more than 10 per cent. Financial analysts had been... read more
To be mercenary about the demise of Silicon Valley Bank, it’s the break people buying a home or renewing a mortgage have been waiting for. The global financial system has been shaken by the failure of... read more
