The cost of the average grocery bill in Canada–and how to lower yours + MORE Jan 17th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News

Can you survive on Canada’s government pension alone in retirement? Experts say you might be surprised + MORE May 8th

Until fairly recently, CPP replaced a quarter of your average work earnings — but it’s already providing more. We asked experts what to do if CPP and OAS will make up most of your retirement income..... More »

Calgary Is Converting Abandoned Offices Into Housing Oct 16th

When Maxim Olshevsky stepped inside 909 5th Ave. SW, a 10-storey building in downtown Calgary, he could have sworn he was looking at the aftermath of a zombie apocalypse. Frayed cubicle walls loomed over piles of expired contracts; name tags lay abandoned on dust-blanketed desks. To most, this would.... More »
 real estate

An investor’s guide to ESG reporting in Canada + MORE Apr 20th

If you want to put your money into sustainable or responsible investments, you have more options on the market now than ever. Not only can you find exchange-traded funds (ETFs) and other funds specifically designed with ESG—environmental, social and governance—factors in mind, but individual com.... More »

MoneySense at the MoneyShow: Portfolio Risk and Top Canadian ETFs for This Year and Beyond and + MORE Nov 22nd

Join MoneySense at the MoneyShow Virtual Expo “ETFs & Investing Strategies.” To help find promising opportunities, while avoiding more troublesome risks, joining MoneySense and 70 plus other world-class investment experts at MoneyShow Virtual Expo! On November 28 and 29, attend live p.... More »

What is financial freedom in Canada? + MORE Oct 23rd

Canadians aren’t short on advice for achieving financial freedom. A quick online search for “how to become financially free” will give you results that can be either informative or confusing. To be fair, some of it is correct, some is misleading, and some is downright wrong. Sources range from.... More »
The cost of the average grocery bill in Canada–and how to lower yoursWelcome to MoneyFlex, our new column about the financial challenges Canadians are facing today. Each month, journalist and editorial assistant Margaret Montgomery will share expert insights and practical tips to help you flex your money skills—starting with how to tackle inflation’s effects on your groceries.

At the checkout of my local grocery store, I find myself holding my breath as the total on the screen climbs higher and higher with each scanned item. Even staples like margarine and pasta seem to teeter on the edge of unaffordability. 

I’m not imagining it—these foods recently topped the list for highest month-over-month price increases. In November 2022, you could expect to pay an average of $7.11 for a 907-gram tub of margarine in Canada, up 37% from the $5.16 you would have paid in the same month in 2021.

So how much is the average grocery bill in Canada? According to Canada’s Food Price Report for 2023, a family of four will spend $16,288.41 on food this year ($1,357…

Continue Reading On »

The year 2022 was the one when inflation morphed from a minor concern to a major worry for investors, especially those hoping to retire sometime in the not-too-distant future. While central banks are well into their programs to curb inflation through periodic rises in interest rates, it could take the better part of 2023 or beyond before inflation returns to the 2% annual target with which most governments are comfortable. The Bank of Canada (BoC) has had a 2% inflation guideline since 1995.

How Canadian investors are responding to inflation fears

Not surprisingly, inflation is of particular concern to retirees and those hoping to retire soon. A recent Leger/Questrade poll, entitled the 2023 RRSP Omni report, found that while 87% of Canadians are worried about rising prices, many are still looking to invest. In fact, 73% of registered retirement savings plan (RRSP) owners plan to contribute this year, and so do 79% of those with tax-free savings accounts (TFSAs). The confidence in investing is surprising despite the fact Canadians are fretting over how inflation will impact the value of their RRSPs (69%) and TFSAs (64%)…

Continue Reading On »


Compare insurance quotes through - save time and money!