Finance

I borrowed from my Dad instead of using my savings – and I’d do it again

I could have emptied my savings to pay off my car loan, sure, but I would’ve spent the next few months nervously eyeing every unexpected bill

Got extra cash? Here's when experts say it's best to make a lump-sum mortgage payment

Being mortgage free can seem like a distant goal when the outstanding balance is in the hundreds of thousands of dollars and most of your regular payments are going toward paying interest.

The $10,000 Investment Strategy That Balances Risk and Opportunity

A $10,000 investment portfolio must have a balance of risk and opportunity to maximize and deliver long-term returns. The post The $10,000 Investment Strategy That Balances Risk and Opportunity appeared first on The Motley Fool Canada.

Why the Clean Energy Boom Might Be Fueling Inequality

Why the Clean Energy Boom Might Be Fueling Inequality

How a financial influencer built a multiple six-figure portfolio

Euronews spoke to financial influencer Jenny Okpechi about how she built her portfolio – and the benefits of investing early. View on euronews

How much you should have in savings - and how your bank balance compares to the average Australian

Here's what the typical Aussie has in savings during a cost-of-living crisis.

Cost of comfortable retirement revealed — here's how much you need yearly

Listen to article Listen to article Your browser does not support the audio element. The high cost of living is also hitting pensioners as more money is needed for a comfortable retirement. Pensioners need more money in the bank if they want to be comfortable and afford more than just the basic necessitie...

I’m 66 and on the state pension – should I delay my tax-free lump sum?

Where Wealth Lives: These 10 Countries Have the World’s Highest GDP per Capita

Where Wealth Lives: These 10 Countries Have the World’s Highest GDP per Capita

What to do when you win big: Lessons from a $65-million Lotto Max windfall

After winning $65 million in the Lotto Max draw, Mark Hanley's story offers a heartwarming reminder to dream big, stay grounded and plan wisely: Advice anyone can use when faced with unexpected wealth

5 Ways to Invest $5,000 for Long-Term Financial Security

Find out how to invest smartly for financial stability. Learn about stocks and strategies that can safeguard your finances. The post 5 Ways to Invest $5,000 for Long-Term Financial Security appeared first on The Motley Fool Canada.

My dad set up an annuity but is asking me to borrow money at the end of every month. What options do we have to set up his finances better?

Annuities are considered to be a reliable income stream for retirement, but if the payout is leaving you short every month, something isn’t working. Whether it’s poor payout timing, rising costs, or bad planning, the good news is: you have options.

11 Global Cities Where a $200k Salary Still Isn’t Enough

At 65 and set to retire with $357,000 in the bank: How much money can you comfortably spend each year?

The average Canadian retiree household spends roughly $62,000 per year. Based on this, retirees are wondering: Have I saved enough?

How to Grow a $10,000 TFSA Into $100,000

You can turn $10,000 into $100,000 by holding index funds like the iShares S&P/TSX 60 Index Fund (TSX:XIU). The post How to Grow a $10,000 TFSA Into $100,000 appeared first on The Motley Fool Canada.

8 Best Countries for Budget Travel (And 3 That Cost Too Much)

8 Best Countries for Budget Travel (And 3 That Cost Too Much)

I’m 65, tired of working and have very little savings — is it possible to live off CPP alone? Yes, but you'll need to make these 3 big sacrifices

It may be tight, but it is doable

Your Money: how to budget for summer fun

From dining out to weekend getaways, summer fun can quickly turn into summer spending. Personal finance expert Rubina Ahmed-Haq joins Miranda Anthistle to share tips on how to build a summer budget without sacrificing the good times.

12 Canadian Cities Where $40k Actually Goes Far

Invest $20,000 in a TSX Stock, Create $1,278.98 in Passive Income

Are you worried about the future? Then consider a reliable dividend stock like this top choice. The post Invest $20,000 in a TSX Stock, Create $1,278.98 in Passive Income appeared first on The Motley Fool Canada.

Bank bundles: Yay or nay, and why?

Are the deals bundling better than your unbundled efforts to maximize returns?

Retired at 67 with a $3 million portfolio and a paid-off house. Is it worth the cost to get a financial planner to ensure our nest egg will last?

There are pros and cons to getting financial help

15 Frugal Habits I Have Always Had

I didn't wake up one day and decide to be frugal. It just kind of happened as I started paying attention to where my money was actually going. A lot of times, the little things made the biggest difference. None of these habits feel like a huge sacrifice either-they just make life simpler and a lot less stressful. Here are 15 frugal habits that are part of my life now, and I'm not planning to quit them anytime soon. Featured Image Credit: sundikova /Depositphotos.com.

Canadian dollar extends weekly decline as evidence mounts of economy slowing

By Fergal Smith TORONTO (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Friday as domestic retail sales data added to recent evidence of an economic slowdown. Retail sales were up 0.3% in April on a monthly basis as the momentum seen in the previous months when customers brought forward purchases to beat the impact of tariffs continued, but a preliminary estimate

Which Star Wars film made the most money?

Discover which Star Wars movie made the most money at the worldwide box office.

Meet the world's richest person from every decade since 1820

What did it take to be the richest person in the world in 1820, 1850 or 1900? And how does that compare to today?

Top 8 Cheapest Countries to Live Comfortably on $1,000 a Month

Top 8 Cheapest Countries to Live Comfortably on $1,000 a Month

Buying a house got costlier in May. What should your household income be?

While mortgage rates remained largely unchanged, rising home prices mean you’d have to spend more money on your monthly mortgage payments depending on where you live.

10 Reasons To Turn Your Property Into An Airbnb & 10 Ways To Do It

Your property could be earning while you sleep. Short-term rentals offer good side income and unexpected perks, and when it comes to Airbnb, no fancy real estate is needed. Smarter hosting means bigger rewards. So here, we explore 10 reasons to turn your property into an Airbnb—and 10 ways to achieve that.

Expert tips on how to save money when you have children

Expert tips on how to save money when you have children - Experts give some top tips for families feeling the strain

My 22-year-old brother got $150K when our mom passed and he's spending it all on trips and clubbing. What can I say to get him looking to the future?

Losing a parent is bad enough, but watching a sibling waste a $150,000 inheritance on luxuries can add to the grief. The key to helping him is not to lecture or shame him, but guide him before the money's all gone.

8 people who made millions from a single investment

From Jeff Bezos's parents to the co-founder of Red Bull, these people made unlikely investments that made them staggeringly rich.

Major policy win for Carney as major projects bill passes in Canada’s House

Prime Minister Mark Carney has his first major legislative victory. Bill C-5, also known as the Canadian economy act, gives the federal government sweeping powers to approve infrastructure projects – and is facing tough criticism. Mackenzie Gray explains.

Ottawa considering 'combination of approaches' to 20% military pay hike

OTTAWA — Defence Minister David McGuinty's office says it's considering a “combination of approaches” to boosting pay for armed service members, including introducing retention bonuses for “stress trades.”

Is saving $500,000 in investment income enough for couple to meet their retirement goals?

Kathy,* 50, and Trevor, 53, have two financial goals they want to achieve before Kathy retires at age 55 and Trevor retires at age 60. They want to pay off the mortgage on their primary residence and build up $500,000 in easy-to-access investment income — they are thinking about a laddering strategy for guaranteed investment certificates (GICs) — that will allow them to spend three months out of the year travelling and help their two young adult...

Oil hedging volumes hit new records as US producers rush to lock in soaring prices

By Georgina McCartney HOUSTON (Reuters) -Israel's surprise attack on Iran last week had oil prices spiking which sent U.S. producers scrambling to lock in the price gain, driving record hedging volumes that will help shield them from future price swings. West Texas Intermediate crude futures rose further this week, closing on Friday at around $75 a barrel. This prompted U.S. producers to secure

Exclusive-Metro's biggest shareholder open to selling stake, sources say

By Amy-Jo Crowley and Charlie Conchie LONDON (Reuters) -Colombian billionaire Jaime Gilinski Bacal is open to selling his majority stake in British lender Metro Bank and has received interest from investors, two people with knowledge of the matter said. Gilinski, who sits on Metro's board as a non-executive director and who owns a 52.87% stake via his Spaldy Investments vehicle, has been

Here are 7 ‘bad assets’ that could cause you to retire poor in Canada — how many do you own?

Avoid being trapped by these money drains

Buffett and Gates share similar secret to success

The two billionaires are aligned on this one core principle

1 Top Notch Canadian Stock Down 59% to Buy for Immediate Dividends

This dividend stock is one of the best long-term holds out there, especially while it's down from 52-week highs. The post 1 Top Notch Canadian Stock Down 59% to Buy for Immediate Dividends appeared first on The Motley Fool Canada.

Is Royal Bank of Canada Stock a Buy Now?

Royal Bank is up 14% from the April low. Are more gains on the way? The post Is Royal Bank of Canada Stock a Buy Now? appeared first on The Motley Fool Canada.

The 10 F1 Teams with the Biggest Budgets – Ranked

Formula 1 isn’t just about speed and glory—it’s also a financial powerhouse. Behind the scenes, teams invest hundreds of millions in talent, technology, and innovation in pursuit of success. While every team operates under the sport’s strict cost cap, their overall valuations and financial influence vary dramatically. From rising teams backed by Hollywood investors to iconic giants worth billions, here’s a look at the ten most valuable F1 teams in 2025—ranked from the lowest to the highest.

My business costs rose by £48k thanks to NI and wage hikes – I’ve had to cut staff

Collette Osborne, who owns two hair salons in Nottingham, used to have 38 staff members

Most Cashless Societies by Digital Payment Usage, Ranked

Most Cashless Societies by Digital Payment Usage, Ranked

Market Open: TSX Futures Climb as U.S. Holds Off on Mideast Military Move | Fri. June 20

Canadian equity futures ticked up Friday as markets breathed a temporary sigh of relief, with concerns over potential U.S. military escalation in the Israel-Iran standoff showing signs of easing. Market Numbers (Futures) TSX :Up ( 0.20%) 26,559.01 TSXV: Down (0.37%) 715.97 DOW: Up (0.11%) 42,234.00 NASDAQ: Up (0.17%) 21,758.25 FTSE: Up (0.41%) 8,82...

Inflation and interest rates have stayed high. How can I protect my money?

Persistently high inflation and a base rate of 4.25 per cent is leaving many households concerned about their finances

Man accidentally paid 330 times his salary takes the money and disappears

Most working people think they deserve a raise, but few of us expect to see our paycheck increase by three figures overnight. And yet, that’s precisely what happened to one man in Chile who checked his bank balance only to discover that his employer had accidentally paid him a hell of a lot more than he was owed. The man had received 165,398,851 Ch...

Should you keep all your money in one bank? We take a deep dive into the pros and cons of centralizing your finances in one place

There are some pros and cons to having one bank versus multiple

The $35,000 Stock Investment Strategy That Balances Risk and Opportunity

Wondering how to build a portfolio of stock investments? Here's a five-stock diversified portfolio you can hold for years ahead. The post The $35,000 Stock Investment Strategy That Balances Risk and Opportunity appeared first on The Motley Fool Canada.

Musk's xAi increases yield offer on $5 billion debt raise, source says

By Tatiana Bautzer NEW YORK (Reuters) -Elon Musk's xAi is increasing the yield it is offering on a $5 billion debt raise led by Morgan Stanley, a source with knowledge of the matter said on Friday. xAi is offering to pay 12.5% yield on $3 billion in bonds, said the source who asked for anonymity to disclose non-public information. Previously, sources told Reuters the company had offered a 12%