Since the COVID-19 pandemic hit, many Canadians have been out of work. Statistics Canada found that one-in-five Canadian businesses have laid off more than 80% of their staff. As the unemployment numbers rise, Canadians have turned to federal...
With the COVID-19 pandemic ongoing, many debts have been deferred or suspended. For instance, Canada’s big banks have been offering mortgage deferrals on a case-by-case basis. The Government of Canada has temporarily suspended federal student...
Normally, at this time of year, we would be reminding Canadians to have their income taxes filed by April 30. However, 2020 is a very different year — with a very different income tax deadline. Due to the novel coronavirus (COVID-19) pandemic...
Over the past month, the Bank of Canada interest rate has dropped to the lowest it has been since July of 2017 — 0.25%. Is this a good thing? A negative? And what does it mean for your finances — especially during the novel coronavirus...
With the development of the novel coronavirus (COVID-19) pandemic, many Canadians are struggling to pay their bills — including rent or mortgage payments. An Angus-Reid survey showed that 1 in 3 Canadians worry they’ll miss a rent or mortgage...
In the past, before the novel coronavirus (COVID-19) people might have gone to see a financial consultant in person for debt help or otherwise, but with social distancing in effect, that is not advised right now unless absolutely essential...
The past two weeks have been a non-stop train of breaking news as Canada copes with the novel coronavirus, COVID-19. This public health pandemic is affecting many across the country — both medically and financially. In order to “flatten the...