Finance

Is Your Money Making Money? How to Revamp Your Savings Strategy

Cash should never be idle; it's time to put it to work. For the best results, choose a savings product that best matches your goals. Deborah Kearns writes for NerdWallet Canada. Email: [email protected] The post Is Your Money Making Money? How to Revamp Your Savings Strategy appeared first on NerdWallet Canada.

Nationwide and HSBC boost fixed-rate savings deals - but are they worth opening?

New accounts from both HSBC and Nationwide mean that those who prefer to bank with well-known names now have more competitive options to choose from.

Canada Pension Plan fund reports strongest quarterly net income on record

The Canadian Pension Plan Investment Board (CPPIB) reported its largest-ever quarterly net income on Friday as the pension fund manager posted gains through a broad range of investments.

$1.04 billion Powerball jackpot won with single ticket sold in Illinois

A single lottery ticket won the largest Powerball jackpot of 2026 in Quincy, Illinois, on Wednesday. The ticket, sold at a gas station shop near the Missouri border, matched all the winning numbers. The winner stands to collect around $1.04 billion and can choose a $450.5 million lump sum before taxes or the full jackpot through annuity payments.

Canadian dollar rising as US economy weakens

The Canadian dollar on Friday pushed past 72 cents U.S., continuing its reversal that started in late June due to a sliding greenback as bets fade for the United States Federal Reserve to hike interest rates.

“This could be the biggest purchase I’ve made ever” - Richard finds 200+ classic cars

Richard flies to Wisconsin after hearing about an enormous collection of more than 200 cars that he estimates could contain $15–20 million worth of vehicles. Numbers-matching Corvettes, Camaros, Chevelles, Mustangs and rare Hemi cars fill the property — and by the end, Richard has purchased 28 cars, memorabilia and more in what he calls the most money he has ever spent on a single collection.

How wealth inequality affects your salary

This video explains the factors behind falling wages, exploring the roles of wealth inequality, inflation, and economic structure, and their impact on your purchasing power.

The holiday hotspots where the pound is stretching further this year - and how much you can save

Exclusive data reveals the popular holiday destinations where the pound is stretching further than it did last year - with savings on everything from eating out to local experiences.

Dave Ramsey says debt isn't an accident — and Canada's numbers back his claim

Record debt and high interest rates mean more of your paycheque goes to lenders. Here's the math behind Dave Ramsey's warning — and how Canadians can flip the script

Ontario orders cash up front for bail — with bank garnishment and property seizures for unpaid debts

Ontario is about to make a financial promise at bail much more tangible. Beginning August 17, when a release order

10 things worth your money 💰

10 things worth your money 💰

The shocking science behind why money is humanity's greatest illusion

The big-idea explorers at Aperture dive into the shocking science behind currency to explain why money is ultimately humanity's greatest illusion.

Katie Piper: The one thing I’ve learned about money that every woman needs to know

He walked up to her randomly and just handed out the cash - her confusion is completely valid

A woman was left completely confused when a stranger suddenly approached her and handed over a stack of cash. With no clear explanation at first, the unexpected gesture caught her completely off guard. Her reaction captured the shock and uncertainty of receiving money from someone she did not appear to know. What seemed like a random encounter quickly turned into a moment she was unlikely to forget.

10 clever money-saving habits from around the world

From mindful budgeting to bamboo coin banks, could these financial traditions from other countries make you richer?

She's 65 and her husband lost their US$500K (C$700K) nest egg — Dave Ramsey's advice, and the Canadian lesson in it

From CPP timing to the emotional shift from saver to spender, these are the realities that catch even well-prepared Canadian retirees off guard

Low investment, high returns: How getting jacked transforms your body and confidence!

Low Investment, High Returns: How Getting Jacked Transforms Your Body and Confidence!

The highest paying jobs in the world, ranked

In the world today, some jobs have absolutely incredible salaries. Determined by supply and demand as well as the level of expertise, industry trends, geographical location, and company size, these jobs are sure to impress. In this list, you'll find the top-paying jobs as well as information about each. If you're looking to make a career move, be sure to pay attention and take notes! Curious to see which career is paying the highest? Click through now to find out.

Money vs. hand press crushing test

A satisfying hand press test with money and more, focused on crushing action and ASMR-style sound.

More Canadians say their next paycheque is already spoken for before it arrives

Survey reveals 61% of Canadians have at least half their income spoken for before payday

Michigan regulators ask lawmakers to end annual rate hikes, change how DTE, Consumers make money

Michigan’s utility regulator told state lawmakers this week that legislation ending the cycle of yearly rate increases and rewriting the way utilities earn profit would do more for household energy bills than anything the commission can do on its own.

Experts explain how to help your adult children with money

Experts explain how to help your adult children with money without harming your finances - Experts on how to help your children with big expenses - without bankrupting yourself

I’ve been scared of investing all my life – here’s how I started with £1,000 at 31

Rachel Humphreys admits she was clueless about investing and thought risk meant losing all her money. Here’s what she has learnt and how she is now pursuing a £250,000 goal

Cardinals RB Jeremiyah Love gets real on what he plans to do with his first NFL paycheck

Jeremiyah Love is already thinking beyond the football field as the Arizona Cardinals rookie prepares to receive his first NFL paycheck. Rather than focusing on luxury purchases or lavish celebrations, the highly touted running back revealed that his priority is giving back to the people who helped him reach professional football. Love entered the ...

I'm 60 with a $400K windfall and no other retirement savings — is this enough to retire on?

While that may seem like a large sum, the 4% rule and CPP and OAS timing show why the math is tighter than it looks

Median Canadian net worth was $153,100 in 1999. It’s more than tripled since

15 side hustles that can make you a millionaire by retirement

Keke Palmer was supporting 5 people as a teenager - then she finally broke down

Keke Palmer opens up about the hidden emotional cost of becoming a child star and carrying her family out of poverty at a young age. From growing up in a struggling neighborhood in Illinois to becoming the breadwinner through movies, television, and Nickelodeon fame, Keke explains how survival mode slowly took over her entire identity both on and off camera. The video explores the pressure of supporting her family for over 20 years, the emotional exhaustion that came with constantly “performing,” and the moment her young son unintentionally forced her to confront the trauma she had buried for years. It’s a powerful story about childhood responsibility, burnout, generational survival, and finally learning how to rest after spending a lifetime trying to save everyone else.

La Caisse earns 5.1% return in first half of year, net assets total $552B

MONTREAL — Quebec pension fund La Caisse says the return on its fund for the first half of the year was 5.1 per cent, below its benchmark index's 7.5 per cent.

He asked him if he wanted everything in the briefcase for $1 - then the surprise made him $1000 richer

A man was given a strange offer: everything inside a briefcase for just 1 dollar. He decided to take the gamble without knowing what was waiting inside. When the case was finally opened, the surprise turned out to be worth far more than he expected. The unexpected decision left him $1,000 richer and made the tiny risk pay off in a big way.

Are Canadians really behind on retirement savings — or are they looking at the wrong number? How to know when you have enough

Statistics Canada data shows Canadians nearing retirement with a paid-off home and a pension are worth far more than their RRSP balance suggests — here’s how CPP and OAS factor in, too

Stocks nudge at record highs; cooler US inflation eclipses oil rally

By Amanda Cooper LONDON, Aug 14 (Reuters) - Global stocks traded around record highs on Friday, set for a third weekly gain after benign inflation data dented expectations for a U.S. rate hike next month, although faltering talks to end the Iran war sent oil prices higher. Oil and gas prices were still set for sizeable weekly gains, as the impasse over a peace deal continued and the U.S.

Canadian payment giant Moneris sold to the US Is your privacy at risk?

Moneris, the payment processing company responsible for about one in three payment transactions across Canada, will soon be owned by an American private equity firm. Industry analysts are raising concerns the move could have negative repercussions for Canada's digital sovereignty amid the country's ongoing trade war with the U.S.

401(k) creator says many workers need another way to save

Ted Benna, the benefits consultant widely credited with pioneering the modern 401(k), is promoting another way for lower- and middle-income employees to build savings. “The 401(k) isn’t working really well now for many middle- and lower-income employees,” Benna told Bloomberg. His concern centers on affordability. Traditional 401(k) plans generally...

'Big Short' investor Michael Burry warns of a 1999-2000 dot-com-style crash — what Canadian investors may be getting wrong

The investor who predicted the 2008 housing collapse says the market feels like the end of the dot-com bubble. Here’s why Canadians with equity exposure should pay attention

Understanding wealth through simple hand lines

Understanding wealth through simple hand lines!!

A fake refund scam took $69,500. Then payback came knocking

Four scam victims share how fake refund, PayPal, banking and tech-support scams stole thousands of dollars from their lives — including one 77-year-old man who lost $69,500. But instead of letting the scammers have the last laugh, Scammer Payback steps in with GoFundMe support, community help, and a mission to turn embarrassment into payback.

11 people whose words can shake the money markets

The world's most influential stock market movers, from Jerome Powell and Donald Trump to Elon Musk and Jamie Dimon.

Why choosing UK bonds offers a bulletproof shield against market chaos

Mention gilts and people tend to look either bored or afraid. Many investors think these bonds issued by the Government lack the thrill factor.

How to diversify your investments and avoid the most common traps - plus 18 fund tips

The best reason to take the trouble to diversify your investments is that holding a wide variety of assets can significantly reduce the risk of losses

The US took 205 years to owe $1 trillion - now it pays that much in interest every year

America’s national debt has reached roughly $35 trillion, but the transcript argues that the headline number is not even the most dangerous part of the problem. The United States took 205 years to accumulate its first $1 trillion of debt, yet by 2024 it was spending around $1 trillion every year just servicing interest, while debt stood at roughly 120% of GDP. The transcript attributes trillions in additional debt across the Bush, Obama, Trump and Biden administrations and warns that higher Federal Reserve rates are making the interest burden increasingly difficult to control. If investors ever lose confidence in U.S. Treasury bonds, the consequences could spread far beyond Washington - into borrowing costs, the dollar, financial markets and the global economy.

This Reddit user nearly lost their savings to a fake Wealthsimple call — here's how Canadians can spot it

A Reddit user's close call with a fake Wealthsimple caller is a warning for every Canadian — here's how these scams work, why AI is making them harder to spot and what to do if you're targeted

Your money: Back-to-school finances

It’s almost time to start thinking about back-to-school season, and that means discussing finances with your teens. Personal finance expert Rubina Ahmed-Haq joins Miranda Anthistle with a look at how your children can prioritize their financial literacy.

Mortgage renewals cost Canadians $375 more a month as 31% cut other spending

CMHC reported widespread payment increases for mortgage holders renewing during 2022–2024, underscoring pressure on household budgets. The CMHC mortgage renewal study cites average monthly increases of $375 and how Canada mortgage rates, the stress test, refinancing, and amortization shaped outcomes. Findings show hikes ($100–$250 for 36%, $251–$500 for 28%, $501–$1,000 for 12%, over $1,000 for 7%) and a 2.8% consumption drop from March 2022 to April 2024. Default concerns eased from 53% to 39%, while 37% worried, 38% struggled with debt payments, and 8% missed a payment. Over 90% renewed below the minimum qualifying rate, defined as the contract rate plus 2% or 5.25%. About 10% refinanced, with 70% extending amortization by six years. By mid-2027, the largest increases will have passed.

Asian shares mostly fall and US futures are little changed after US inflation data improves

BANGKOK (AP) — Shares mostly declined Friday in Asia and U.S. futures were little changed after U.S. inflation data showed a better-than-expected improvement in July.

The $500 million strategy that's changing how much you pay

For more than a century, shoppers expected one simple rule: everyone paid the same listed price. This investigation argues that the rule is disappearing as companies increasingly use algorithms, customer data, and AI to adjust prices. From American Airlines' $500 million revenue boost through dynamic pricing to Amazon's pricing experiments and Uber's surge pricing, the video examines how personalized pricing has evolved. It also asks what happens when prices depend more on who you are than what you're buying.

I was left in £35k of debt after my divorce - now I'm a millionaire. Here's how I got out of the red

Lisa Johnson, 49, from Bedfordshire, knows exactly what it feels like to struggle financially, after finding herself £35,000 in debt following her divorce in 2014.

Countries with the most millionaires and billionaires

Money might not make the world go around in a literal sense, but it certainly does give it a helping hand. Between investments, inheritances, and good business, there are cities around the world that have accumulated a nice list of wealthy people. But we’re here to look at which countries most of them call home. Curious? Click through the gallery to see which nations boast the highest number of millionaires and billionaires.

Market open: Reddit rockets on S&P 500 promotion, Netflix rises as Ackman returns | Aug 14th

Markets are mixed but still constructive as investors balance record-setting U.S. equity momentum with softer retail sales and renewed oil uncertainty. The TSX is up 0.26%, while the TSX Venture Index is lower by 0.97%. In the U.S., the Dow is down 0.28%, while the Nasdaq is up 0.17% as technology names continue to attract buyers. London’s FTSE 100...

Over-40s like me never had money lessons – here’s what our children need to learn

Ruth Davidson remembers being told 'money doesn't grow on trees', but not what a mortgage or pension was