Air Canada CFO says it could navigate a recession better than 10 years ago

Air Canada CFO says it could navigate a recession better than 10 years ago
MONTREAL — Air Canada is better prepared for a potential recession than it was for the financial crisis a decade ago, which plunged the company into five consecutive years of losses, says its second in command. Deputy CEO and chief financial officer Mike Rousseau said he is “highly confident” that a recession “of equal severity” would weigh far more lightly... Read More

How to tame addiction to subscriptions that can be a hidden drain on finances

How to tame addiction to subscriptions that can be a hidden drain on finances
TORONTO — When it comes to spending, it’s often easy to overlook the small, routine expenses because they happen without requiring much thought. “We often say that people can nickel and dime themselves to death,” says Laurie Campbell, CEO of Credit Canada. “Because it’s those small expenses that eat away at your budget.” Although there have always been many opportunities... Read More

Your Money: Season ticketholders need to watch for pitfalls when selling tickets

Your Money: Season ticketholders need to watch for pitfalls when selling tickets
When autumn rolls around, sports fans usually have plenty to be excited for. Basketball stars return to the court, hockey players hit the ice and baseball and soccer teams head for their playoff stretches. There is no shortage of games, but attending them can be a costly affair, so many season seat holders sell some of their tickets to recoup a portion of... Read More

Giving teens a credit card early may teach financial lessons early

Giving teens a credit card early may teach financial lessons early
TORONTO — For teens finishing off their last years of high school, some financial experts say parents may want to consider an unlikely tool to prepare them for the adult world: a credit card. Giving teens access to credit, with guidance, may be a way to teach them how to handle it before they leave home for post-secondary schooling, and are bombarded... Read More

How to discover if your portfolio is aligned with your ethical principles

How to discover if your portfolio is aligned with your ethical principles
Many Canadians who recoil at media coverage of mass shootings and the internment of migrant children in the U.S. are likely unaware of a link between these ongoing tragedies and their retirement portfolios. Anyone who owns shares in a broad-based fund may be surprised to learn that among the dozens of names in their portfolio are the weapons manufacturers and operators of detention centres that profit... Read More

Nervous homebuyers might want to sit on sidelines, says author predicting crash

Nervous homebuyers might want to sit on sidelines, says author predicting crash
TORONTO — After enduring bidding wars and skyrocketing home prices, would-be homebuyers are facing a relatively new dilemma: jump in to take advantage of lower national average prices or tread cautiously to avoid making a costly mistake. While current conditions may be too hard to resist, prospective homeowners should be in no hurry to make the largest purchase of their lives if... Read More

Risk of student loan defaults rising, say documents warning ‘system is broken’

Risk of student loan defaults rising, say documents warning ‘system is broken’
OTTAWA — Federal officials warned in a presentation earlier this year that the risk of student loan defaults and delays was on the rise, noting bleakly: the “system is broken.” Federal student debt alone is approximately $17 billion and the federal government has to regularly write-off millions of dollars in loans it will never collect. The documents, obtained by The Canadian Press, say... Read More

What to do if you think your data’s been hacked as another major breach revealed

What to do if you think your data’s been hacked as another major breach revealed
TORONTO — Credit card company Capital One Financial Corp. has announced a major data breach that has compromised information from about six million Canadians, including social insurance numbers for about a million customers. Here’s what you should do if you think your data may have been compromised: First is to try and determine if your data has been stolen or used by... Read More