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Ford warns Carney not to cut tariffs on Chinese EVs as PM looks to repair ties with Beijing - CBC Jan 8th
Ford warns Carney not to cut tariffs on Chinese EVs as PM looks to repair ties with Beijing CBCChina may try to use Carney’s visit to drive a wedge between Ottawa and Washington: Kovrig CTV NewsPrime Minister Carney to diversify Canada’s trade, attract new investment, and s.... More »
Ford's $19.5 billion EV writedown signals tough road ahead for legacy carmakers - Reuters Dec 16th
Ford's $19.5 billion EV writedown signals tough road ahead for legacy carmakers ReutersFord retreats from EVs and takes big financial hit as Trump policies grip industry CBCAnalysis-Ford’s EV retreat highlights industry dilemma: Build for the US or the world? Yahoo.... More »
Term vs. permanent life insurance: How to choose what’s right for you + MORE Oct 8th
Life insurance can protect your loved ones financially after you’re gone, but picking the right kind can protect your wallet even when you’re alive. Generally, there are two kinds of life insurance: term life insurance and permanent life insurance. Permanent life insurance provides lifel.... More »
The best high-interest savings accounts in Canada for 2026 + MORE Mar 9th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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The best credit cards in Canada for 2025 + MORE Nov 12th
Canadians have no shortage of options when it comes to selecting a new credit card. Whether you’re looking at a Visa, Mastercard, or Amex from a fintech, big bank, or credit union, we’re here to help you sort through all your choices.
To make it easier to find the best credit card for you, we.... More »
Car loan interest rates: What’s the best Canadians can get?
– moneysense.ca
I’m half-Italian, grew up in a kitchen and am a seasoned home cook. Even so, I still turn to an expert (my mom) for advice on my most special dishes. After all, creating a culinary masterpiece requires careful planning, attentive research, vigilant sourcing and maybe some expert help. Ditto shopping for a car loan to get the best rates. Whether you’re in the kitchen or the car dealership, expert guidance can keep those stress levels from boiling over when the stakes (steaks?) are high. Janet Gray (who makes a mean Spaghetti Bolognese, btw) is an advice-only Certified Financial Planner with Money Coaches Canada. Below, she’ll help us crack the crust of complexity you’ll encounter when researching and comparing car loans and their interest rates, saving you some time (and dough) in the process. Grab a spoon, and let’s dig into how to get access to the best car loan rates in Canada.
How to get a car loan: the basics
When you get a car loan, you borrow money to pay for the car, and then, you pay that money back to the lender over a pre-set length of time through a series of regular, continuous payments…
Buying a car in Canada can be a daunting task for newcomers to the country, facing unique challenges like a lack of credit history, an unfamiliar selection of vehicles, new regulations, and new financing and insurance options. Below, we’ll dive into the important steps, tips and pitfalls to help newcomers successfully navigate the Canadian car-buying journey. We’ve included insights from Janet Gray, an advice-only Certified Financial Planner with Money Coaches Canada.
What is the average car price in Canada?
According to CanadianAutoDealer.ca, the average transaction price for a new passenger car in Canada is about $46,000, and the average transaction price for a new light truck (pickup or SUV) is about $54,000. Just under 9 in 10 vehicles sold in Canada are light trucks. Fewer shoppers than ever are choosing to drive passenger cars, and fewer automakers are selling them.
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