Picture this: you have a portfolio worth $500,000 built up over years of contributions. The market drops, you sell in a panic, and you wait for things to feel safe before reinvesting. Based on what happened after the March 2020 COVID crash, you would have missed a 68% recovery in the following 12 months. On that half-million-dollar account, that works
Park $10,000 in a typical big bank savings account and you might earn around $150 in interest over a year. If inflation sits at 2.8%, that same $10,000 loses roughly $280 in purchasing power — a net loss of $130. The numbers don’t balance, and they haven’t for a while. The reason isn’t complicated: big banks have little incentive to
Only 16% of Canadian drivers currently use usage-based insurance, even though 88% of those who do say they’d stick with it at renewal. That gap — between knowing about something and actually using it — costs the average safe driver somewhere between $100 and $600 a year in missed savings, depending on their mileage and habits. Disclosure: Some links on
If you pay $15 a month for a basic chequing account, that’s $180 a year just to access your own money. Over a decade, that same fee adds up to $1,800 — and that’s before you factor in a single ATM withdrawal, e-Transfer, or paper statement. A 2025 survey by Money.ca found that 53% of Canadians have already switched financial
Canadians are sitting on an estimated $13 to $15 billion in unredeemed loyalty points — money that, in many cases, is quietly losing value while it waits. Based on the 2026 Bond Loyalty Report, the average person belongs to 15 programs, yet more than one in four redeem points once a year or less. That gap between earning and spending
Nearly half of Canadian credit card holders — 46% — carried a balance for two consecutive months or longer. That means millions of people are paying unnecessary interest and, more importantly, letting their credit utilization ratio work against them. If you have a $5,000 limit and carry a $2,500 balance, you are sitting at 50% utilization, which is high enough
Car insurance premiums in Canada have climbed 36.4% over the decade to 2024, according to Statistics Canada data analysed by InsuranceXpert. For someone in Ontario paying the provincial average, that’s roughly £550 more per year than a decade ago — money that comes straight out of a household budget already feeling the pinch from higher costs everywhere else. The jump
More than 17% of Canadian living arrangements now involve “doubling up” — people taking in roommates, multiple families sharing a home, or extended family living together. That share has climbed fast: roommate households grew 54% between 2001 and 2021, making them the fastest-growing household type in the country. In cities like Toronto and Vancouver, where more households rent than own
Canadian households held more than $2.07 trillion in currency and deposits at the end of 2025, according to federal data. That cash, sitting in accounts many banks pay 0% on, lost buying power at 3.2% in May 2026 alone. For someone with $10,000 in a chequing account, that’s $320 of purchasing power gone in a year — and you earned
Miss a Canadian credit card payment by one day and you are looking at roughly $108 in fees and interest on a $4,000 balance in the first month alone — before any credit score damage even begins. That single day triggers a late fee, cancels your interest-free grace period, and starts the clock on a cascade that, if left unchecked,
The average Canadian credit score is 679 according to Borrowell’s 2026 data, but FICO reports the average FICO Score in Canada sits at 760. That 81-point gap between two different scoring models is the first thing most people get wrong about their credit — and neither number alone tells you how lenders actually see you. In cash terms, the gap
BRITWEALTH ARTICLE — FINANCE CATEGORY –> Nine out of ten Canadian parents talk to their kids about money on a regular basis. Yet only one in ten strongly believes their children are actually ready to handle financial independence when the time comes. That gap between conversation and capability is the real story here — and it’s costing young Canadians the
