Credit card application fraud in Canada rose 8%, with Canadians aged 56 to 65 becoming a key target because of established credit histories and higher limits.
Young Canadians are falling behind as real income for ages 15 to 24 has declined 24% since 1976, with their income peak dating all the way back to 1977.
Canada recorded 13,254 insolvency filings in June, up 11.5% year over year, with overall filings now hovering near levels rarely seen since the 2009 financial crisis.
After welcoming their first child, Sue and Tony began thinking more seriously about their family’s long-term financial security. They used investment loans and segregated funds to build a $400,000 portfolio, generate more than $157,000 in net profit after interest, and maintain the flexibility to withdraw funds when needed.
A Rates.ca survey found 82% of Canadians who renewed their mortgages this year faced higher borrowing costs, with nearly half now spending at least half their household budget on mortgage payments.
York Region home prices fell 7.1% year over year in July 2026, while a North York luxury home sold for $1.11 million less than its 2017 price.
Canada is building more homes, but only about 45% of new housing starts are now intended for ownership as developers increasingly shift toward rentals.
Canada’s job market is changing as young graduates struggle to find work and experienced tech workers face major salary cuts, while AI and outsourcing reshape employment.
A national sovereign wealth fund, $25 billion in seed capital, strategic industries, retail participation, and principal protection. It sounds attractive, but investors should first ask: what will it invest in, who will manage it, and who will bear the risk?
Palantir shares jumped 20% after reporting strong second-quarter earnings, driven by surging enterprise demand for AI sovereignty and secure data integration.