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

Tom Schwartz Addresses Tom Sandoval-Raquel Leviss Affair - Entertainment Tonight Mar 11th

Tom Schwartz Addresses Tom Sandoval-Raquel Leviss Affair  Entertainment TonightKristen Doute Returning to Vanderpump Rules Amid Tom Sandoval Drama  E! NEWSKristen Doute details exact moment Ariana Madix discovered Tom, Raquel affair  Geo NewsVanderpump Rules - Vanderpum.... More »

Food App Couriers Rely on Tips—but Customers Are No Longer Feeling Generous + MORE Aug 23rd

Food-app delivery workers are becoming more and more frustrated with the tips they are receiving from customers. On social media, people who work for apps like Uber Eats, Skip the Dishes and DoorDash are posting videos of their daily earnings, revealing they can make as little as $3 per order—that.... More »

Musk says Tesla shareholders voting yes for his $56 billion pay package - Yahoo Canada Finance + MORE Jun 13th

Musk says Tesla shareholders voting yes for his $56 billion pay package  Yahoo Canada FinanceMusk says Tesla shareholders voting yes for his $56 bln pay package  ReutersTesla stock pops 7% as Elon Musk declares victory in $46 billion pay vote  QuartzMusk says he has Tes.... More »
 mutual funds

Robo-advisor or all-in-one ETF: which is best for new investors? + MORE Jun 24th

Before delving in here, just a reminder that I am a Certified Financial Planner who does not sell any financial products, so I have no horse in this race. This commentary is entirely objective.  In my opinion, the best thing about the evolution of the investment industry is a (slight) increa.... More »

What kids and teens will learn from Ontario’s expanded financial literacy education Jul 23rd

This month, the Ontario government announced new financial literacy programming for elementary schools, to be available to teachers beginning this fall. That arrives on the heels of the education ministry’s initial announcement in May that changes are coming to provincial high-school curriculums, .... 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!