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In Money
Money • Personal Finance
Canada’s Financial Results for July 2026 are scheduled for release today, giving readers a new look at federal revenues, spending, borrowing and the budgetary balance. Finance Canada has not yet published the July figures on its official Fiscal Monitor page.
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Key Takeaways Payroll employment increased by 26,100, or 0.1%, in July. Average weekly earnings rose 3.2% year over year to $1,347.14. Canada had 501,000 job vacancies in July, with the vacancy rate unchanged at 2.8%. Canada Jobs Data: Payrolls Rise as Earnings and Vacancies Hold Steady Canada's payroll employment increased in July while average weekly.
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Key Takeaways Statistics Canada scheduled the July 2026 Retail Trade release for September 24, 2026. An earlier advance estimate indicated retail sales decreased 0.8% in July. The final release will provide updated retail sales data for Canada and its industries. Canada Retail Sales Data Arrives Today: What July Spending Reveals About Consumers Statistics Canada is.
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Paying down a mortgage can deliver predictable interest savings, while investing may offer higher long-term returns but brings market risk, taxes and fees. This guide compares the real after-tax trade-off, explains how TFSA and RRSP accounts affect the decision, and highlights liquidity, mortgage prepayment rules, emergency savings and splitting extra cash between both options.
Money
The same ETF can leave you with a different after-tax return depending on whether you hold it in a TFSA, RRSP or taxable account. Here’s how asset location can quietly change what actually stays in your pocket.
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For most Canadians, an emergency fund covering three to six months of essential expenses can provide crucial protection after a job loss or financial shock. The right amount depends on your housing, food, transportation, debt and childcare costs, as well as your income stability. EI may help extend your runway, but it may not cover your full monthly needs.
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Canada’s household net worth surpassed $19 trillion in the second quarter of 2026, lifted largely by stronger equity markets and investment-fund buying. The milestone reflects the combined value of assets minus debt, not cash distributed evenly among Canadians. While debt ratios improved, the article explains why market-driven wealth gains can rise—and fall—quickly with changes in asset prices.
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The Bank of Canada has unveiled the design of Canada's new $20 bank note, marking the country's first circulating bank note to feature a portrait of King Charles III. The vertical polymer note is expected to enter circulation in early 2027 and will include enhanced security features designed to help protect Canadians against counterfeiting.
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Canadian Tire and Tim Hortons have launched a loyalty partnership that lets linked Triangle Rewards and Tims Rewards members earn Canadian Tire Money on eligible Tim Hortons purchases while continuing to collect Tims points. The basic offer earns 2%, with qualifying Triangle credit-card and Scan & Pay use potentially raising the total to 5%.
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Average weekly earnings in Canada reached C$1,343.86 in June 2026, up 3.4% from a year earlier, while job vacancies rose to 509,100, according to new Statistics Canada data released August 27.
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A rental application, phone plan or car loan may quickly reveal that you have no Canadian credit history. That is normal. Build credit in Canada as a newcomer with a calm routine: one suitable card, on-time payments, low credit use and regular report checks—without carrying costly debt.
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With $600 left after bills, splitting it among a TFSA, RRSP, FHSA and RESP can feel sensible. But the right account depends on the money’s job, access needs and likely withdrawal date. Use this Canadian guide to choose the account that should receive your next dollar first.
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Many middle-class Canadians earn decent incomes but still struggle financially. These five common money habits quietly drain wealth and make long-term financial security harder to achieve.
