Money

Almost 10% of Toronto mortgage holders may not qualify to refinance next year, BoC says

Toronto’s mortgage stress story is entering a new phase. For the past two years, the focus has been on higher

They donate 20% of their income: A fisherman and nurse became multimillionaires through simple strategies — what Canadians can learn

Ordinary jobs, extraordinary wealth. Here's how quiet millionaires build seven figures over time

Oracle's AI spending for 2026 exceeds forecast, raising worries over growing debt

June 10 (Reuters) - Oracle's capital spending for 2026 exceeded its projection and the cloud computing company said on Wednesday it would raise more debt in 2027, reflecting the staggering scale of cash burn needed to buildout its AI infrastructure. Its shares fell 5% in extended trading, after Oracle said it expects to raise nearly $40 billion through a combination of debt and equity financing

‘It hurts’: Retired BC couple out $17K after TD banking nightmare

Recently, the federal government passed Bill C-15 to help combat consumer financial fraud, but Democracy Watch argues its consumer protections are still weak.

NL finance minister not backing away from cost-of-living measures

Premier Tony Wakeham and Finance Minister Craig Pardy say they're not abandoning the idea of introducing some kind of cost-of-living support for people in the province, should oil prices remain higher than the per-barrel price the government used in the Spring provincial budget.

The countries you need to pack cash for - and how much you'll really get charged for using an ATM

To help travellers save money and avoid fees on their next trip, we've highlighted 12 destinations where local currency is king - and reveal exactly how much those ATM fees will dent your budget.

S&P 500, Nasdaq rise as tech, chipmakers rebound

By Caroline Valetkevitch and Sruthi Shankar June 8 (Reuters) - U.S. stocks ended mostly higher on Monday, led by gains in the Nasdaq and chipmakers as investors sought bargains after Friday's sharp selloff. Investors were also relieved after Iran and Israel said they had halted attacks on each other. The halt followed an appeal from U.S. President Donald Trump that they immediately "stop

Number of savers facing £5,000-plus tax bill on interest triples - will you be caught out?

The number of savers facing £5,000 or more income tax on their savings interest will rise 144,000 people in the 2026/27 financial year.

I want to start investing but I'm not confident — here's how TD's new app lets me begin with just $1

TD's Executive Vice President of TD Direct Investing, Scott Ignall says complexity is the enemy — his new app is designed to cut through it for Canadians

The 'odd jobs economy' is growing as British Columbians look for extra income

3 in 5 people in the province either already earn money from their skills or would consider doing so

Why are so many people struggling financially while the stock market is soaring?

CBC personal finance columnist Mark Ting joined CBC’s Dan Burritt to explain why some Canadians are thriving while others struggle with rising costs and debt, and what it has to do with something called a K-shaped economy.

How I manage my money: Tech firm owner, on £20,000 a month, paying £7,000 in rent

Parents are talking about money more — but many still worry their kids aren’t ready

Parents report having regular conversations about finances with their children, but few think their child is ready to manage money independently when they eventually leave home

Israel’s wartime costs are rising and squeezing social spending

Israel’s prolonged war footing has driven total conflict-related costs to about 405 billion shekels, or roughly $138 billion, raising fresh concern that defense spending will keep crowding out health, education and other civilian priorities.

The world's 25 richest rappers, ranked by their massive fortunes today

Meet the world's richest rappers, from Cardi B to Jay-Z.

Which beloved comedy star is the richest in 2026?

From Adam Sandler to Jerry Seinfeld, discover which comedian is the richest in 2026.

The next wealth boom: Emerging markets to add $12 trillion by 2030

Emerging markets will add trillions in wealth by 2030, but the fast-growing affluent class driving it remains largely unserved by banks and advisers. View on euronews

How a pie can teach you money lessons

In this episode of the #PieGrahamSeries, I raised $10,000 to surprise Graham Stephan with a pie in Las Vegas. The video covers our discussion on investing, personal finance, his biggest regrets, and how he found fulfillment in life. I also made an appearance in his latest vlog on The Stefamily channel.

Intesa launches $35 billion Monte dei Paschi bid to redraw Italian financial map

By Valentina Za, Andrea Mandala and Elvira Pollina MILAN, June 8 (Reuters) - Italy's top banking group Intesa Sanpaolo made a €30.6 billion ($35 billion) unsolicited cash-and-share bid on Monday to buy smaller rival Monte dei Paschi di Siena (MPS) to create the euro zone's second-largest lender by market value. A successful transaction would place Intesa behind only Spain's Santander, overtaking

Bank of Canada holding interest rate at 2.25%

The Bank of Canada is holding interest rates at 2.25 per cent. Mike Eppel, a senior business analyst with 680 NewsRadio Toronto, has more on the decision.

3 budgeting strategies for parents

Parenting makes budgeting harder, not because you’re bad at money, but because family life is unpredictable. These three approaches can help.

I’m 64, single and have $3.1 million saved for retirement — but I’m still anxious about what that looks like once I stop working

Many people spend their entire working lives building toward a retirement “magic number” — the nest egg they believe will let them live comfortably once they stop working

Tiger Woods leads golf's rich list in 2026 with $1.4 billion net worth

Tiger Woods reigns supreme on golf’s 2026 rich list at $1.4B! See which legends built massive empires beyond the course.

Bankers set for $1bn AI fees bonanza: Wall St to cash in as SpaceX leads flurry of floats

The heavily oversubscribed SpaceX initial public offering is the world's biggest ever and represents a lucrative payday for Wall Street advisers.

How much money you actually need

Beyond a certain income threshold, more money stops making people happier, and the number most people are chasing is far higher than the one that would actually change their life.

Posthaste: US treasuries just got toppled from the world's foreign reserve throne

Who are the biggest gold bugs of them all? Central banks apparently.

BC minimum wage hits $18.25 today as businesses face another cost hike

A 40-cent hourly increase rarely looks dramatic until it lands on thousands of paycheques and payroll ledgers at once. As

Nationwide fairer share £100 payments made to 4.4m customers - how will you spend yours?

Nationwide Building Society has paid most of is 4.4million eligible members £100 on a single day after making its fourth Fairer Share payment since 2023.

Bitcoin fintech eliminates $20 million in debt without diluting shareholders

Bitcoin's evolution from a speculative asset into the foundation of everyday financial products has created a new generation of companies that both hold digital assets and build businesses around them. As these firms pursue growth, investors are paying close attention to how management teams fund expansion. Companies that can strengthen their balance sheets and invest in growth without issuing new shares are often rewarded.

He sold his home for $550K after a terminal cancer diagnosis. What’s the smartest way to protect his wife’s financial future?

A terminal diagnosis and $550,000 from a home sale: What Canadians should know about protecting a nest egg for a surviving spouse using RRSPs, TFSAs, GICs and estate planning tools

Gold market: Rising inflation fears force mining giants like Barrick into acquisitions – S&P Global provides tailwind for DRC gold

Barrick Mining: Radical Restructuring and the “Great Divide” As one of the world’s largest gold and copper producers, Barrick Mining operates a vertically integrated business model but is currently facing a profound transformation. To reduce the historical valuation discount in the markets, management plans to spin off its North American operations...

People in their 30s and 40s need a £74,000 annual retirement income to enjoy a comfortable old age

People in midlife looking at present-day forecasts for a retirement income need to factor in inflation and aim their sights far higher, warn money experts.

New easy-access accounts pay over 4.2% - but you'll have to be quick to bag one: Sylvia Morris

Sneaky banks have been launching easy access savings rates that look good on paper, but are limited by endless terms and conditions.

A Government of Canada class action settled for $8.7 million and here's who could get money

This is related to a privacy breach of Canada Revenue Agency, Service Canada and other government accounts.

Ontario ends tuition freeze and trims OSAP grants. Here’s what it means for your family

Families relying on OSAP will see more loans and higher out-of-pocket costs starting this fall

20 bad financial habits that are ruining young people's ability to save

The world is a different place from what the older generation grew up in. Convenience is higher than ever, technology makes everything more accessible, and expenses cost more than before. Navigating the financial terrain can be a difficult job for the youth these days, and here are just 20 reasons why it's so difficult.

U of O students help high-schoolers learn financial literacy

Many high-schoolers say their money management skills are lagging in a world of tapping and digital transactions. Now, some university students are helping prepare them for what's to come. The CBC's Emma Weller reports.

Good investing netted couple in their 40s $3.5 million. Can they retire in two years?

In 2020, during the depths of the pandemic, new parents Paul* and Elizabeth, were sheltering in place with their newborn when they decided to take a chance with their investments. Energy stocks had taken a severe hit and Paul recognized the situation as a “black swan” event. He opened a tax-free savings account (TFSA), did his research, identified historically profitable, dividend paying Canadian energy companies, and went all in.

Turkish man stunned after billions suddenly appear in his account

A bank account belonging to Ahmad Jahangard Takalo, a 32-year-old man living in Van in eastern Turkey, was placed under review after it showed nearly one trillion Turkish lira, according to Euronews. The displayed amount was 999,999,999,999.99 Turkish lira, or about $21.8 billion. The sum has not been confirmed as legitimate, and the bank blocked a...

A $12,000 gaming pallet was sold for $1,854 - then the returns started revealing their real value

A reseller buys an Amazon returns gaming pallet for $1,854 after seeing a claimed retail value of more than $12,000. The risk is that every item was returned, meaning some products are sealed and valuable while others are empty, damaged, broken, or unusable. As the pallet is unpacked, working Nintendo Switch consoles, sealed games, headsets, accessories, and unexpected non-gaming items slowly reveal whether the purchase was smart or a costly mistake. The stakes come from the gap between retail value, real resale value, and the uncertainty of returned merchandise. The video is compelling because the final numbers show how one risky pallet became a $6,450 inventory haul with more than $4,600 in potential profit.

Iran seeks release of $24 billion in frozen assets in negotiations

Iran is seeking the release of about $24 billion in frozen funds as part of the talks with the United States, making money one of the biggest hurdles in the push for a wider ceasefire and Hormuz deal. The demand matters because it shows Tehran wants immediate economic gains, not just promises of future relief, before it commits to a broader settlement.

Pensioners need £45,000 a year to be 'comfortable' – more than most of us make at work

Figures released by Pensions UK set out how much people need to spend to enjoy their retirement properly – but the numbers are unrealistic for many

Revolut launches 5% easy-access savings rate for new customers: What's the catch?

The bank has launched a head-turning 5 per cent rate on its instant saver - we examine what to know before signing up.

ECB expected to hike interest rates for first time since 2023

The European Central Bank (ECB) is expected to raise key interest rates for the first time since 2023 on Thursday, in light of the sharp rise in consumer prices across the eurozone. The central bank is to announce its decision on Thursday at 2:15 pm (1215 GMT). The deposit rate, which is important for savers and banks, has stood at 2% since mid-202...

Canadian dollar falls as speculators raise bearish bets to highest this year

By Fergal Smith TORONTO, June 8 (Reuters) - The Canadian dollar weakened to a two-month low against its U.S. counterpart on Monday, as investors awaited a Bank of Canada policy decision this week and after recent data showed speculators increasing their bearish bets on the currency. The loonie was trading 0.1% lower at 1.3950 per U.S. dollar, or 71.68 U.S. cents, after touching its weakest

I’m already investing for my eight-year-old – it’s better than saving cash

The most beautiful currencies in the world

Currencies are more than simple tools for buying and selling. Every color choice, symbol, and portrait on a banknote is carefully selected to tell a story about the place it comes from. Some currencies highlight famous leaders, while others focus on wildlife, landscapes, or cultural traditions. Advances in printing have also turned modern banknotes into visually striking objects, using bold designs and new materials. Taken together, these details reveal how countries see themselves and how they wish to be seen by the world. In this gallery, we explore some of the most beautiful currencies from around the globe and explain what makes each one stand out. Curious? Click to reveal them.

Teaching kids to save can start as young as five

Personal finance experts say opening a bank account with your children can help them develop money management skills. (June 4, 2026)

Dollar eases as US inflation data keeps rate hike at bay

By Saqib Iqbal Ahmed NEW YORK, June 10 (Reuters) - The dollar eased on Wednesday after data showed U.S. consumer inflation rose to its highest level in three years in May, though the reading was in line with economists' expectations, marginally reducing the chances of the Federal Reserve hiking rates this year. U.S. consumer inflation increased at its fastest pace in three years in May as the

The world's richest musicians, ranked

From legendary rock stars to rappers with lucrative side hustles, check out the world's 25 richest music stars.