Category: Canadian Money

After a divorce, Patty, 49, sold her Toronto home for $1 million, and is finally financially independent. Living a frugal life, should this cleaner now put her money in the stock market?

Millennial Money is a weekly submission-based series that provides financial advice to millennials in the GTA. This is a special edition, featuring someone who is Gen X. Read the full series here. Patty, 49, has spent more than 30 years of her life working as a cleaner in other people’s homes making around $ 3,000…

Here’s how to start building wealth, even without any money

If you’ve read my work for a little while you know I’m obsessed with Oprah Winfrey for a couple of reasons. First, she’s constantly inspiring people from all walks of life to rise up and do better for themselves and their communities; second, she got to where she is — a self-made billionaire — via…

At 19, this university student is unable to find a part-time job as OSAP debts pile on. On top of finding her own place to rent, she wants to know how to get her finances organized. Advice?

Millennial Money is a weekly submission-based series that provides financial advice to millennials in the GTA. This is a special edition, featuring someone who is Gen Z. Read the full series here. For 19-year-old Jenny, a first-year university student, the future feels grim. “I don’t have a job right now. I had one from November…

In Your Corner: Interest rates are near an all-time low — where can you get the best return on your savings?

With restaurants closed and travel restricted, many Canadians have amassed significant savings since the COVID-19 pandemic began. By some estimates, Canada’s households are sitting on more than $ 170 billion in excess cash. If you’re letting money collect dust in your chequing account, then you’re missing out on valuable interest and growth, says Janet Gray,…