Finances

British Columbia's projected deficit in the 2023-2024 fiscal year has grown by more than $2 billion from original estimates to reach almost $7 billion. Minister of Finance Katrine Conroy arrives to the podium during a press conference at the legislature in Victoria, on Wednesday, August 30, 2023. THE CANADIAN PRESS/Chad Hipolito

Record-breaking wildfires inflate forecasted B.C. deficit to $6.7 billion

Finance minister says fire fight cost nearly $1B, predicts declining new housing starts

 

The survey took place over a 10-day period, with just over 1000 participants. Results show an overall rise in financial stress and pressures on post-secondary students, driving some to consider dropping out. (andibreit/Pixabay.com)

1-in-3 post-secondary students consider dropping out because of costs: survey

Fifty per cent of participants said they expect to graduate with a minimum of $27,000 in debt

 

This week, the Bank of Canada hiked interest rates yet again, raising its key interest rate by a quarter of a percentage point to 5 per cent, and the prime rate to 7.2 per cent. A woman walks past the Bank of Canada headquarters in Ottawa, Wednesday, June 1, 2022. THE CANADIAN PRESS/Adrian Wyld

By the numbers: What the latest interest rate hike means for your mortgage

Examining how 5% interest affects Canadian home owners from coast to coast

 

Canadian $100 bills are counted in Toronto, Feb. 2, 2016. In an era inundated with scams involving mysterious princes or easy fortunes — if you just hand over a few bucks in advance — you’re probably right to be wary of anyone offering free money. But Sherry MacLennan and Lindsey Moore really might have some cash for British Columbians. Maybe even millions. THE CANADIAN PRESS/Graeme Roy

Have you forgotten a fortune? B.C. team wants to return millions to rightful owners

BC Unclaimed reunites British Columbians with funds abandoned or forgotten

Canadian $100 bills are counted in Toronto, Feb. 2, 2016. In an era inundated with scams involving mysterious princes or easy fortunes — if you just hand over a few bucks in advance — you’re probably right to be wary of anyone offering free money. But Sherry MacLennan and Lindsey Moore really might have some cash for British Columbians. Maybe even millions. THE CANADIAN PRESS/Graeme Roy
Aidan D’Souza, 23, is pictured with his mother during his Seneca College convocation in a 2019 handout photo. D’Souza says he credits his mother for the financially secure position he’s in today, but acknowledges that not all Canadians have parental figures who are financially literate or know how to best guide their children to make wise financial decisions. THE CANADIAN PRESS/HO-Aidan D’Souza, *MANDATORY CREDIT*

It’s ‘never too early, never too late’ to learn financial literacy, experts say

Parents who don’t teach much about money, may lead to kids who feel uncomfortable managing their own

Aidan D’Souza, 23, is pictured with his mother during his Seneca College convocation in a 2019 handout photo. D’Souza says he credits his mother for the financially secure position he’s in today, but acknowledges that not all Canadians have parental figures who are financially literate or know how to best guide their children to make wise financial decisions. THE CANADIAN PRESS/HO-Aidan D’Souza, *MANDATORY CREDIT*
Ti Zhang is shown in a handout photo. Decision making of any sort can be difficult to do in a period of grief, let alone decisions related to money, experts say. That’s why they recommend taking time before making any big financial decisions while you’re grieving. THE CANADIAN PRESS/HO-Ti Zhang
Ti Zhang is shown in a handout photo. Decision making of any sort can be difficult to do in a period of grief, let alone decisions related to money, experts say. That’s why they recommend taking time before making any big financial decisions while you’re grieving. THE CANADIAN PRESS/HO-Ti Zhang
A February 2023 Telus Health survey indicates people with debt or financial uncertainty experience worse mental health than those with security. (Credit: Pixabay)

Debt, financial fears impacting Canadians’ mental health, survey finds

Those with financial uncertainty rated significantly lower on Telus Health’s mental health index

A February 2023 Telus Health survey indicates people with debt or financial uncertainty experience worse mental health than those with security. (Credit: Pixabay)
file photo

Businesses expect slower sales in short term as cost, labour issues persist: survey

Canadian Chamber of Commerce research shows one-third of companies expect to raise prices

file photo
(Pixabay.com)

Millennial Money: New parents’ finances need nurturing too

Don’t leave money management up to chance when your baby arrives

(Pixabay.com)
Canadians are making their final Registered Retirement Savings Plan contributions, in advance of the deadline. (Black Press Media file)

QUIZ: How much do you know about money and savings?

In January and February, Canadians make their final savings contributions for the tax year.

Canadians are making their final Registered Retirement Savings Plan contributions, in advance of the deadline. (Black Press Media file)
A sign outside the Canada Revenue Agency is seen Monday May 10, 2021 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Here’s what you need to know to get a head start on filing your 2022 taxes

Canada Revenue Agency says 92 per cent of Canadians filed online last year.

A sign outside the Canada Revenue Agency is seen Monday May 10, 2021 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
B.C. Premier David Eby at the Crofton mill announcement, backed by Minister of Jobs, Economic Development and Innovation Brenda Bailey. (Photo by Don Bodger)

Government, Paper Excellence investments putting 100 workers back to work in Crofton

Partnership between the province, feds and company the key to innovative approach

B.C. Premier David Eby at the Crofton mill announcement, backed by Minister of Jobs, Economic Development and Innovation Brenda Bailey. (Photo by Don Bodger)
(pixabay photo)

Tips on how to tackle your holiday debt in January

Looking back and forward can help get your finances where you want them

(pixabay photo)
An analyst says inflation is eroding household budgets at the same time overleveraged Canadians face sharply rising borrowing costs. (Black Press file)

Debt worries rise amid higher interest rates and persistent inflation: MNP report

Bankruptcy firm’s quarterly consumer debt index at an all-time low of 77 points

An analyst says inflation is eroding household budgets at the same time overleveraged Canadians face sharply rising borrowing costs. (Black Press file)
Falling Canadian dollar coins are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward

How to help your money grow in 2023 against a backdrop of economic uncertainty

Experts say it’s a good time to invest in the stock market now that prices have come down

Falling Canadian dollar coins are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward
Can’t sleep at night? You could be worrying about money. (Pexels photo)

Half of Canadians losing sleep over money woes: poll

Just 28% of B.C. residents are getting enough sleep

Can’t sleep at night? You could be worrying about money. (Pexels photo)
Finance Minister Selina Robinson talks about financial aid due to inflation and the cost-of-living increases and support during a press conference at Goudy Field in Langford, B.C., on Wednesday, September 7, 2022. Robinson says preliminary financial numbers for the first three months of the current fiscal year show the province is in a strong position despite ongoing global economic risks. THE CANADIAN PRESS/Chad Hipolito

B.C. says financial outlook improving, forecasts $706 million surplus

Finance minister presented province’s first quarterly report Sept. 12

Finance Minister Selina Robinson talks about financial aid due to inflation and the cost-of-living increases and support during a press conference at Goudy Field in Langford, B.C., on Wednesday, September 7, 2022. Robinson says preliminary financial numbers for the first three months of the current fiscal year show the province is in a strong position despite ongoing global economic risks. THE CANADIAN PRESS/Chad Hipolito
B.C. Auditor General Michael Pickup issued a qualified opinion indicating that parts of government’s financial statements are not accurate. (Office of the Auditor General photo)

Parts of B.C.’s financial statements are inaccurate, auditor general says

Michael Pickup issued ‘unusual’ qualified opinion on three areas of the financial statements

B.C. Auditor General Michael Pickup issued a qualified opinion indicating that parts of government’s financial statements are not accurate. (Office of the Auditor General photo)
Gas hit the listed price of $2.19.9 at one Vernon service station on 25th Avenue at 43rd Street Thursday, June 2. (Roger Knox/Morning Star).

Strategic support for B.C. residents needed as central bank works on inflation: experts

Economist says to expect food prices to stay high for another year

Gas hit the listed price of $2.19.9 at one Vernon service station on 25th Avenue at 43rd Street Thursday, June 2. (Roger Knox/Morning Star).
A tradesperson works on a balcony at a condo tower under construction, in Burnaby, B.C., on Wednesday, March 2, 2022. The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down "a path to normalizing," although it estimates a balanced market is at least a year away. THE CANADIAN PRESS/Darryl Dyck

Higher interest rates push homes sales in B.C. back toward normal: association

British Columbia Real Estate Association estimates a balanced market is at least a year away

A tradesperson works on a balcony at a condo tower under construction, in Burnaby, B.C., on Wednesday, March 2, 2022. The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down "a path to normalizing," although it estimates a balanced market is at least a year away. THE CANADIAN PRESS/Darryl Dyck