Money

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.

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.

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...

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

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.

Marvell shares jump after chipmaker wins spot in S&P 500

June 8 (Reuters) - Marvell Technology shares climbed more than 9% on Monday after the chipmaker was set to join the benchmark S&P 500 at the end of June, in the latest boost to a stock that has surged recently. Its shares have gained about 59% since May 27 after the company forecast its custom-chip business would surpass $10 billion in revenue in fiscal 2029 and Nvidia CEO Jensen Huang called

‘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.

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

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.

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

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.

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.

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.

My sister used my airline miles for her trip and says I should not be mad because they were just points. Do points count as money?

Your sister says they were “just points,” but airlines, banks, and tax agencies treat points as something with real-world value. That matters because a stash of miles can unlock flights, upgrades, hotel stays, and other benefits you would otherwise have to pay cash for. So while points are not exactly the same as dollars in your checking account, they absolutely can function like a form of spending power.

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

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

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

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

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.

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.

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

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

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...

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...

Do you have $500K to $5 million saved up for retirement? Here’s why that might not be enough to feel financially secure

If your net worth sits between $500,000 and $5,000,000, you’re doing well — but you’re not done planning. Here’s what mass affluent Canadians need to know before they retire

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.

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.

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.

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

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

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.

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.

Fuel surcharges are showing up everywhere — here’s where Canadians are paying more

Higher energy prices tend to hit consumers quickly through fuel costs, while also gradually pushing up costs across the broader economy as businesses adjust pricing

Which beloved comedy star is the richest in 2026?

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

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.

The wealthiest religious organizations in the world

Religion has always been more than a private expression of faith. It is, in fact, an enduring institution that has shaped societies and governed entire communities. Across the globe, some religious organizations have gathered extraordinary resources that have placed their worth high above others. From lands that stretch across nations to treasures that embody centuries of artistry, these fortunes fund hospitals, schools, and charitable works. But they also raise questions about how much religious organizations should be allowed to mix faith and economy. What are the richest religious institutions on the planet? And what is their approximate worth? Click on to find out. All figures are in USD.

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.

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

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.

Ontario couple loses more than $90,000 to fraud — and they say the bank hasn’t offered any help

A harrowing case of fraud for an Ontario family reveals a hard truth: consumers are likely to be on the hook in complex fraud cases, not banks

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)

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.

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

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.

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

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

CRA denies taxpayer's request for relief from penalties and interest after failing to report all her income

With the 2025 tax season now behind us, it may be worth your time over the summer months to log in to your Canada Revenue Agency account to view all of the 2025 T-slips that the CRA has on file for you to ensure that you’ve fully captured, and reported, all of your income for 2025. This is particularly important for those who filed early, especially if you used CRA’s auto-fill feature before all your slips showed up online. The goal is to catch...