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How the Covid-19 Omicron Variant will Increase Inflation

Covid-19 Omicron Variant Will Increase Inflation

Inflation is currently at an 18-year high in Canada, which means you’re paying more this year for goods and services. In fact, whether it’s on your weekly shopping list, your monthly rental bill, or the cost of filling up your tank, you can expect to pay about 4 percent more on basic necessities like groceries, housing costs, and gasoline.

Inflation rises and dips naturally, but why is it so …

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Christmas Shopping Hacks for 2021

Christmas Shopping Hacks

We all want to be that person who has their Christmas presents wrapped and packed away before November, but let’s face it: the holidays are hectic, and that type of preparation takes true next-level planning. December is a blur, and once the countdown to Christmas starts getting closer, it’s all too easy to panic-buy and overspend. After all, you don't want make it a habit of getting too many e …

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Why Peterborough's Job Rate is Ramping Up

There’s no mistaking that 2020 and 2021 have taken a toll on Canada’s economy and the job market. A global pandemic has caused a ton of upswings and downswings, with jobs being lost and created at breakneck speeds. Many are even learning tips to cope with sudden unemployment. With so many uncertainties floating around, what can be done here anyway right? Well, in Peterborough, Ontario, things are actually picking …

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The Rise of Single Female Entrepreneurs in Toronto

single female entrepreneurs in Toronto

Women are a crucial piece of Canada’s economy. This is perhaps even more true during the global pandemic: more than 80 percent of roles in healthcare and social assistance in Canada are occupied by women.

But let’s not stop there – the pandemic aside, women entrepreneurs are making significant contributions. Data from 2019 shows that female entrepreneurs generated $148 billion for the Canadian economy. As a woman entrepreneur, there are …

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Protecting Yourself From Covid-19 Related Scams

Protecting Yourself From Covid-19 Related Scams

Scammers are alive and well throughout Canada, even during a pandemic. In fact, there’s a lot of reason to believe that the pandemic made it easier than ever for scammers to do what they do best!

People all across Canada have been struggling to make ends meet during record-high inflation, dealing with job insecurity (or even total job loss), and interacting with new regulations, healthcare procedures, and financial applications. …

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Preparing for Canada's 18 Year High Inflation

BC's Minimum Wage Increase

If you’ve been reading the news lately, chances are that you’ve seen lots of talk about the inflation rate in Canada. It’s a doozy – this fall, Canada’s inflation rate hit the highest it’s been in the past 18 years. This 18-year-high inflation rate increased to 4.4 percent (far higher than the typical control rate of 1 to 3 percent set by the Bank of Canada).

That means you’re paying, …

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Is BC's Minimum Wage Increase Useful

BC's Minimum Wage Increase

As of June 1, 2021, the minimum wage in BC jumped from $14.60 per hour to $15.20 per hour. That means that minimum wage workers in British Columbia get the benefit of the second-highest minimum wage in all of Canada! (If you work in Nunavut, you’re getting the highest minimum wage at $16 per hour – and yep, we’re all jealous.)

There’s no doubt that this is a big …

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Can you save money by purchasing groceries online?

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The pandemic brought a ton of new habits into our day-to-day lives. Whether it’s having a hand sanitizer in your bag, adding a contactless door opener to your keychain, or staying six feet far from people in public places, each one of us has an updated set of daily steps and social norms.

If you’ve spent more than a week or two in quarantine, one of the new habits you'd …

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Tax Free Home Savings Account

Tax Free Home Savings Account

Ask any homeowner about their first experience buying a home, and most of them are bound to sum it up in one word: “Stressful,” or “Complicated.” A bigger majority might even add another dreaded word: “Expensive.”

All those descriptors are true, especially in a housing market that has seen intense swings due to the pandemic. Across Canada, home prices are rising to unprecedented levels. The average price of a home …

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Gen Z and Millennials are Desperate for Financial Advice

Gen Z and Millennials are Desperate for Financial Advice

Financial advice is crucial at any age, but particularly in your formative years. For Gen Z and millennials, that time is now!

Younger millennials are in their late twenties and early thirties, while the oldest members of Gen Z are 24. Far from being the carefree, avocado-toast aficionados that they once were portrayed as, the oldest millennials are on the cusp of turning forty this year. They’ve lived through some …

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