19 h. ago Canadian embassy staffer rescued from building struck by a missile in Tel Aviv: Anita Anand

Minister of Foreign Affairs says woman is 'safe and sound,' thanks firefighters

Events

69 h. ago Canadians urged to ’avoid all travel’ to Israel amid air, missile strikes with Iran

OTTAWA — The federal government is urging Canadians to “avoid all travel” to Israel as the country exchanges missile and air strikes with Iran. The Canadian government says it issued the warning because of Israel’s “ongoing hostilities” with Iran. Meanwhile, Canada’s foreign affairs minister has asked Canadians in the Middle East in need of emergency […]

Events

5 d. ago N.S. missing kids: RCMP add other national agencies in search for Lilly and Jack

RCMP say the National Centre of Missing Persons and Canadian Centre for Child Protection have joined the investigation into the disappearance of Lilly and Jack Sullivan.

Society

5 d. ago Montreal’s Lance Stroll set to race at Canadian Grand Prix after injury setback

Montreal’s Lance Stroll has been cleared to race in this weekend’s Canadian Grand Prix after missing the Spanish GP due to pain in his hand and wrist. The Aston Martin driver had qualified in Spain but was withdrawn on medical advice the night before the June 1 race. He later underwent surgery and completed test […]

Other

5 d. ago Wealthsimple launching credit card, lines of credit in push to take on big banks

TORONTO — Wealthsimple Inc. announced its first credit card and a line of credit Wednesday as it ramps up efforts to challenge the dominance of Canada’s big banks. The expansion also includes the additions of mobile cheque deposits, wire transfers and bank drafts to the chequing account it launched in 2020 when it started pushing […]

Economics

5 d. ago Wealthsimple launching credit card, instant loans in push to take on big banks

TORONTO — Wealthsimple Inc. announced its first credit card and a line of credit Wednesday as it ramps up efforts to challenge the dominance of Canada’s big banks. The expansion also includes the additions of mobile cheque deposits, wire transfers and bank drafts to the chequing account it launched in 2020 when it started pushing […]

Economics

6 d. ago Ontario leads Canada for rising rates of people not paying credit card bills

Canadians have been feeling the economic noose tightening around their necks for a few years now, with the cost of living — especially in cities like Toronto and Vancouver — skyrocketing above even our usually-exorbitant levels over the course of COVID and remaining ridiculously high ever since.Those living in the GTA are, in many respects, faring the worst, forced to spend more of their earnings on housing than people in nearly any other metropolis in not just Canada, but the world, according to a new report from the esteemed Oxford Economics.It naturally follows, then, that the city and province of Ontario as a whole have been seeing a startling uptick in people failing to pay off their mortgages and other bills.While the Toronto area now boasts the fastest-rising rate of 90-day mortgage delinquencies in Canada, new data shows that Ontario is experiencing the largest surge in residents defaulting on their cred...

Economics

1 week ago Bank and Credit Card Apps in Canada Grow Increasingly Homogenized, J.D. Power Finds

Bank and Credit Card Digital Platforms Follow Best Practices to Deliver on Basics of Account Management but Struggle to Differentiate and Deliver Personalized Experience TORONTO — It’s getting harder to tell the nation’s banks and credit card company mobile apps and websites apart from one another. According to a series of recent studies of bank […]

Economics

2 w. ago Ontario keeps seeing spikes in people defaulting on housing and other bills

The cost of living in Ontario has become astronomical (and is getting worse), the unemployment rate is skyrocketing, U.S. tariffs on Canadian imports are weighing on everyone, and a recession is on the horizon, if not already here.So, it's no wonder that more and more people across Canada are straining to cover their basic costs of living, including their rent, mortgage, credit card and other bills, particularly in Southern Ontario.Credit reporting firms and other companies have been raising alarm bells about the nation's growing consumer debt — which ballooned to a staggering $2.56 trillion by the end of 2024 — as well as escalating delinquency rates for mortgage and other payments.New data from RBC further bolsters these concerns, with the bank's execs this week citing an uptick in people defaulting on their residential mortgage payments.During a recent investor presentation and subsequent earnings call, it ...

Other

2 w. ago Ontario seeing spikes in people defaulting on housing and other bills

The cost of living in Ontario has become astronomical (and is getting worse), our unemployment rate is skyrocketing, U.S. tariffs on Canadian imports are weighing on everyone, and a recession is on the horizon, if not already here.So, it's no wonder that more and more people across the province and country are straining to cover their basic costs of living, including their rent, mortgage, credit card and other bills — particularly if they live in and around Toronto.Credit reporting firms and other stakeholders have for months been raising alarm bells about the nation's growing consumer debt — which ballooned to a staggering $2.56 trillion by the end of 2024 — as well as escalating delinquency rates for mortgage and other payments.New data from RBC further bolsters these concerns, with the bank's executives this week citing an uptick in residential mortgage holders defaulting on their payments.Ontario sees hug...

Other

2 w. ago Canadians getting frustrated over missing info on CRA accounts

Canadian taxpayers say they're frustrated after being unable to access important information on their Canada Revenue Agency (CRA) account.Jack, who asked that his full name be withheld, is an Ottawa resident who has been struggling to access information on his Tax-Free Savings Account (TFSA) online."For over a month now, CRA has denied access to TFSA data to ALL Canadian taxpayers," he wrote in an email. "They do not state why or when the data access will be restored."Jack said that he's called the CRA repeatedly about his account, but hasn't been able to reach anyone in the relevant department."I contacted my MP, but they were no help," he continued. According to Jack, rather than answering his questions, the CRA told him to make a service complaint, which comes with a 50-business-day delay."Because they have so many complaints — their words," he stated.A widespread problemIn April, a Reddit user shared that i...

Economics

2 w. ago Canadians are missing credit card payments at levels not seen in years

Amid soaring living costs, a growing unemployment rate, and economic uncertainty in Canada, more people have fallen behind on credit card payments this year.According to the latest report by Equifax Canada, 1.4 million people in Canada missed at least one credit payment in the first quarter, a level not seen since 2009."Our data shows card payment levels, especially for younger consumers, are starting to fall, indicating this spending slowdown is likely driven more by consumers trying to be prudent rather than switching from credit to debit for financing," said Rebecca Oakes, vice president of advanced analytics at Equifax Canada.On average, Canadians had $21,859 in non-mortgage debt in the first quarter, primarily due to auto loans, as buyers sought to lock in purchases before anticipated price hikes. People have also been more prudent with their spending — the average Canadian's monthly credit card spend dropped by $107, the lowest since March 2022."Despit...

Economics

2 w. ago Equifax report says 1.4M consumers missed a credit payment in Q1

A new Equifax report says there’s a deepening divide between consumers in the face of economic uncertainty as those missing payments rose compared with a year ago. The report finds one in 22 consumers, or 1.4 million people, missed at least one credit payment during the first quarter, even as the average monthly credit card […]

Economics

2 w. ago Hivello x Banxa – $HVLO Token Available via Apple Pay & Credit Card

LONDON and AMSTERDAM, May 27, 2025 (GLOBE NEWSWIRE) — Hivello, a DePIN aggregator that enables users to earn by monetizing idle (computing) resources across multiple DePINs (Decentralized Physical Infrastructure Networks), announces that its native token $HVLO will soon be integrated with Banxa, a global fiat-to-crypto on-ramp solution trusted by leading Web3 platforms. This integration means […]

Economics

3 w. ago Visa, Mastercard fees hit by new round of EU antitrust scrutiny

The credit card companies have both found themselves in the crosshairs of global antitrust enforcers for years

Technology

3 w. ago Skyrocketing suggested tipping rates in Canada are driving people bonkers

Whether it's a restaurant or coffee shop, suggested tipping amounts have become a source of irritation for many in Canada.If you've been put off by the preset tipping rates just before tapping your credit card, you're not alone. A new survey stated that most Canadians are "irked" by suggested tip prompts when paying online retailers, coffee shops or sit-down restaurants.In May, Research Co., a company that conducts opinion polls, asked 1,000 adults in Canada to share their thoughts on tipping culture.It turns out that most Canadians aren't averse to leaving tips — in fact, 53 per cent say they leave a tip "all the time" after visiting a sit-down restaurant. However, they can all agree on one thing: that the suggested tips have become annoying."Most Canadians say they always tip food servers at sit-down restaurants, but dislike encountering recommendations about how much they should leave after a meal," states the sur...

Other

3 w. ago Restaurants Canada statement on Prime Minister Carney’s Mandate Letter

Toronto, May 23, 2025 (GLOBE NEWSWIRE) — Restaurants Canada is pleased to see affordability and internal trade at the top of the list of priorities in Prime Minister Carney’s Mandate Letter released ahead of the Speech from the Throne. As part of its mission to make life more affordable for Canadians, we urge the government […]

Politics