Money

Canadians plan to spend less than last year this holiday season, yet more than half expect to go over budget. According to a new CIBC poll, Canadians will spend, on average, $567 during their holiday shopping, compared to $652 last year. “The danger comes from what’s not wrapped — the entertaining, travelling, or even tempting Boxing Day sales and New …

Jollibee, known as the “McDonald’s of the Philippines,” will open its first Canadian store in the city on Thursday. Jollibee is famous for its signature crispylicious and juicylicious fried chicken, which is delicately breaded to be crispy on the outside, and its secret marinade makes it juicy inside. Kids love the Jolly Spaghetti’s signature sweet-style sauce, loaded with slices of …

A new report from RE/Max forecasts the GTA’s average housing prices will rise eight per cent compared to Greater Vancouver’s two per cent in 2017. The average residential sale price increased 13 per cent in Greater Vancouver to approximately $1,020,300 and rose 17 per cent in the Greater Toronto Area (GTA) to an estimated $725,857. Although demand remains high in …

New housing measures unveiled by Finance Minister Bill Morneau on Monday that aim to tighten mortgage rules and reduce the flow of foreign cash into the housing market will pose new challenges for both borrowers and lenders in Canada. Under current rules, a federally regulated mortgage lender may not make a loan on the security of a residential property if …

Real estate numbers are now out for the month of August, and while home sales in Vancouver. President Dan Morrison says home sales in Metro Vancouver dropped 26 per cent in August, compared to the same month last year. “Keep in mind that a year ago was extraordinary, that was one of the highest Augusts ever on record.” But the …

Canadian home sales for the second month in a row, dropping 0.9% from May to June, but average prices rose 11.2% year-on-year to $503,301, the latest data shows. The Canadian Real Estate Association, the industry group representing realtors across the country, on Friday said existing-home sales fell 0.9% from May. Sales in Canada’s most closely watched areas of Vancouver and …

The Canadian dollar weakened to a three-week low against its U.S. counterpart on Friday as a plunge in global financial markets after Britain voted to leave the European Union weighed on Canada’s risk-sensitive currency. The vote to leave the European Union forced the resignation of Prime Minister David Cameron and dealt the biggest blow to the European project of greater …

Walmart Canada has announced it will no longer be accepting Visa cards as payment at all of it’s locations nationwide. In a written statement, the store says that fees applied to Visa cards are ‘unacceptably high’. “Following an evaluation of credit card transaction fees in Canada and the rest of the world, we have recently concluded the fees applied to …

Baby boomers in Canada will inherit approximately $750 billion over the next decade, finds a new CIBC Capital Markets report, which notes this will be the country’s largest-ever transfer of wealth. Canada currently has just over 2.5 million people over the age of 75, of which close to 45 per cent are widowed, the report says. The number of elderly …

Toronto real estate prices continue to climb amid fresh calls for more protections against the possibility of rising interest rates. We hit another record last month as the competition to lock down single family dwellings remains fierce, according to the Toronto Real Estate Board (TREB).

In a 2012 suit brought against the Big Three – Rogers, Telus, and Bell – for premium texting charges, Bell finally settled with the Competition Bureau for $11.82 million dollars. Bell also agreed to donate approximately $800,000 to public interest advocacy groups. Under the terms of the agreement, Bell must: Issue up to $11.82 million in rebates to current and …