5 h. ago There are 4 places in the GTA that cost more to live in than Toronto

When it comes to the cost of living in Canada, Toronto often takes the spotlight as one of the priciest places to call home. With its bustling downtown core, soaring condo prices, and ever-rising rent, it's no surprise many assume it tops the charts for affordability challenges, but this isn't quite the case. One would be forgiven for thinking that Toronto is the most expensive city in the Greater Toronto Area (GTA), but other cities in the region regularly top the 416 in average cost of living. A recent MoneySense report reveals four cities that surpass Toronto among the most expensive places to live in the GTA, and a couple of them don't come as a huge surprise to anyone paying attention to regional home prices and the increase in living costs. Richmond HillAn aerial view of a residential street in Richmond Hill. Photo by liran finzi sokolovski/Shutterstock. According to the report, Richmond Hill leads the pack amo...

Economics

3 d. ago Gen Z workers are Canada’s biggest savers, but it may come at cost of home ownership, study finds

Higher savings rate likely due to lower expenditures on housing

Society

8 d. ago Adriana LaGrange: Why Alberta is taking a smarter approach to COVID

For the first time in four years, the federal government has made the decision to no longer fund the COVID-19 vaccination in Canada. Last year, this program cost taxpayers about $74 million. If the provincial government were to replicate that program this fall, it would mean pulling that funding from other areas of our health-care […]

Culture

2 w. ago New report rates which university programs in Canada are most worth the tuition

If you're contemplating studying at a university or college in Canada, you might want to factor in which programs deliver the quickest return on investment.Getting a university or college education in Canada isn't cheap, and the soaring cost of living isn't making it any easier. In fact, a recent report found that an increasing number of Canadians are struggling to pay off their debt and are missing payments.That's why nearly 40 per cent of Canadians say they're unsure whether higher education is worth the cost, according to an Ipsos survey commissioned by educational marketplace CourseCompare.When tuition costs an arm and a leg, you may want to look at programs that will quickly pay back the time and money you invest. CourseCompare has a new report that shows which university and college programs in Canada "really do (and don't) pay off."The organization released its 2025 Return on Education (ROE) Index on Tuesday, ranking ...

Society

2 w. ago CHARLEBOIS: The $800 line that could cost Canada’s food industry $1 billion

U.S. will close door Friday on long-standing trade convenience: The de minimis exemption

Economics

3 w. ago Each Canadian will pay a shocking amount this year to cover interest on nation's debt

The interest alone on the Government of Canada's debt will cost each Canadian thousands of dollars this year, according to a new study.Public policy think tank The Fraser Institute found that the combined debt interest payments for both the federal and provincial governments in Canada will cost $92.5 billion in 2024/2025. That's between $1,937 and $3,432 per Canadian, depending on the province.This comes as governments in Canada have trended towards deficit spending and growing government debt in recent years."Interest must be paid on government debt, and the more money governments spend on interest payments, the less money is available for the programs and services that matter to Canadians," said Jake Fuss, director of fiscal studies at the Fraser Institute and co-author of the study.According to the report, Ottawa will spend $53.8 billion on debt servicing charges in 2024/2025, which is significantly more than what the government expects to spend o...

Economics

3 w. ago Apple TV Plus streaming service to cost $2 more per month in Canada

TORONTO — Prices are going up at the house of “Ted Lasso” and “Severance.” Apple TV Plus has announced it’s raising the cost to watch its streaming programs by $2 per month in Canada. Apple says it will now charge $14.99 a month, while the annual subscription price will remain at $129 per year. It’s […]

Economics

3 w. ago Canadian families with kids will get some money from the government this week

Money is on its way to eligible Canadian families who will receive another monthly payment of the child tax benefit this week.The eighth instalment of the Canada Child Benefit (CCB) will be deposited on Wednesday, Aug. 20.The child tax payment increased in July, marking the beginning of the new benefit year. The federal government uses a process called indexation to raise the payment to help parents as the cost of living continues to soar.An Employment and Social Development Canada (ESDC) spokesperson said in January that the indexation means the max CCB amounts and income thresholds are increased yearly to "keep pace with the rising cost of living."This year, Canadian families were given a 2.7 per cent boost in child tax benefit payments, bringing the annual base benefit for children under six from $7,787 to $7,997 ($666 monthly) and from $6,570 to $6,748 ($562 monthly) for children aged six to 17 until June 2026.The Child Disability Benefit (CDB) also went up from $...

Politics

3 w. ago CHARLEBOIS: Punishing Washington, one Canadian grocery cart at a time

There’s a reason only China and Canada chose counter-tariffs: Such policies weaponize the cost of living, but against one’s own citizens

Culture

4 w. ago CUPE: Air Canada is Reinforcing the Gender Wage Gap – And They Want the Government to Help Them Do It

TORONTO — Air Canada wants to reinforce the gender wage gap by forcing Air Canada flight attendants – 70% of whom identify as women – to accept a wage offer less than one-third what Air Canada offered its pilots less than a year ago. “Air Canada’s male-dominated workforce received a significant cost-of-living wage increase. Why […]

Politics