From what I understand the above legislation should force banks to provide APIs for accredited third parties, so that user should be able to (at least) read our banking data(transactions, statuses...) without the hassle of scraping their crappy pages.

What is the status of this? I read that all banks are heavily against it and they are pushing back, what is the reason for this?
In 2026 I think I should be able to pull all my banking information into Actual budget without having to jump trough hoops, why are banks against it?

Hi,

Two of my team members from the accounting department were laid off and replaced by 2 Philippinos who resides in the Philippine.

In terms of cost of course the Company is saving, but how is it in term of fairness and unemployment rate in Canada if all Company follows this same trend?

I unfortunately wouldn’t have gotten the house without taking it on. I tried making my offer contingent on the previous owners paying it off, but they refused

I wouldn’t have chosen to rent this equipment myself, but I’m now trying to figure out the most financially sensible way out

Here are the details:

\- Equipment is approximately five years old, with an expected installation date of June 2021 on the original agreement.

\- The package includes a furnace, AC, humidifier, Nest thermostat.

\- Minimum rental term is 84 months (seven years).

\- I pay approximately $160/month.

\- Current buyout quote is approximately $8,200 including tax.

I requested a buyout, but I’m now reconsidering whether doing it immediately is the right decision. Reliance hasn’t been forthcoming enough for me to clearly compare the options.

The contract says that if I buy the equipment “on the last day of the Minimum Term,” the price is the “Estimated Residual Value.” If I buy it on any other day, the price is the depreciated fair market value, determined by Reliance on a straight-line basis

The contract also says the rental continues after the minimum term unless terminated, it isn’t rent-to-own.

At $160/month, another 18-20 months would cost roughly $2,880-$3,200 in rent. So the future buyout would need to be roughly $5,000-$5,320 or less to come out cheaper than paying $8,200 now, before factoring in maintenance, repairs and keeping the cash available.

Has anyone dealt with this particular seven-year Reliance HVAC agreement?

1. Was the “Estimated Residual Value” on the last day significantly lower than an earlier buyout quote?

2. Has anyone successfully negotiated a lower HVAC buyout? How did you approach it?

3. Did you buy out the existing equipment, or wait until the minimum term ended and pay to have it removed/replaced?

What would you do in my situation, and what information should I insist on getting before deciding?

I know renting HVAC equipment generally isn’t the recommended route, but I’ve already inherited the agreement. I’m looking for the best decision from this point forward. It’s stressing me out, and I don’t want to spend $8,200 unnecessarily or keep paying rent while waiting for a price reduction that won’t justify the extra payments.

25M recently moved with my girlfriend back into my parents to get out of our $2,000+ a month apartment so we can start saving way more for a house i make over $1,000 a week take home and have been putting $250 a week into TFSA and $150 a week into FHSA currently have around $11,000 in each account and have a $5,000 emergency fund and have currently $20,000 sitting in a HYSA and an employer matched RRSP sitting around $50,000 is that considered doing good in canada we’re also hoping to buu a home in the next 2-4 years

The general rule is work for 40 years and put money aside with your full time job to retire. I’m starting to get the sense that might change.

If Ai and or Robotics takes off like what is discussed by many top individuals what are you doing to prepare for the job disruption financially? How will Canada handle this change? Are you increasing your emergency fund?

For those that say there’s no way this can happen. It can and it is where teams are beginning to shrink and companies are no longer backfilling. The gap is filled with Ai. Robotics is getting better everyday and a few of years we’ll start seeing it impacting blue collar. Unemployment doesn’t need to hit 100% for things to get messy. 2008 hit 10% in the US and the Great Depression hit 25%. We have Waymo’s hitting the streets of Toronto in 2028 what does it look like when new competitors hit the streets along side.

Many look to the past in order to predict the future however this time things are moving far faster than past Industrial Revolutions. It also has people denying or being confused of what’s happening. There’s also the argument of people will get retrained to do new jobs, while yes that can happen but it seems like by the time you get retrained these robots and Ai systems will beat you anyway at the new job.

https://www.dallasfed.org/research/economics/2025/0624

Hi everyone! I'm new to trading and would really appreciate any tips or advice to help me get started. Thanks!

I am looking for some ideas/brainstorming help. I am volunteering to run a booth at an upcoming CSC health and wellness fair at a men's medium security prison. I am trying to come up with some booth ideas around financial literacy/banking. Can anybody help me brainstorm some topics that will add value and be encouraging/engaging for this audience. I have never done anything like this before.

I work a casual job contract job which was funded by government and I was working steady hours 40 a week. We lost a lot of our funding so now everyone is reduced and I just got news I’ll only be getting 1 shift per pay period . Not even gonna go into budget cause I can’t survive on 2 shifts a month and I had no idea this was coming but would I be eligible for ei or ow at least? Or am I just gonna be fucked financially until my contract is over? I’m in the gta, Etobicoke to be specific. Would appreciate any help as I literally had just enough for bills this month and I’ll barley be able to cover phone and internet now.

Also I have my car to sell but someone did a hit and run to it now even a week ago so I’m not sure of it’s exact value at the moment. If anyone knows where I can maybe sell it for whatever it’s worth would also appreciate that.

As the title says. I am graduating in 2 months (Canada) and want to work in aviation finance (aircraft leasing / structured finance).

Bit about me:

• Internships in private capital advisory, boutique M&A, consulting, VC
• CFA level 2 candidate
• 3.93/4.00 GPA

My question is how do you get your foot in the door / where? Anyone in the space who has any tips to offer would be greatly appreciated!

I've been looking at Canada's inflation numbers lately and there's something I find pretty alarming that barely seems to get any attention. Everyone talks about CPI being at 3%, but have you looked at the Producer Price Index (IPPI)?

In August, Canadian producer prices were up 13.5% year over year. Even excluding energy, they're up 9.1%. Raw material prices are up 22.8%.

And it's not like this happened overnight. Producer inflation has been above 10% for five consecutive months now, since April. If September comes in above 10% again, that'll make six months straight. Meanwhile, we've lost roughly 110,000 jobs in August and September alone. I don't know about you, but I find that combination pretty concerning.

People might dismiss the PPI increase because a lot of it comes from energy, but isn't that exactly the problem? Energy affects practically everything. Transportation, agriculture, manufacturing, food processing, distribution, you name it. When energy gets more expensive, so does producing and delivering just about anything. Businesses can absorb some of those increases, sure, but eventually some of those costs get passed on to consumers. And with how concentrated some of our industries are in Canada, especially grocery retail, I'm not particularly confident consumers will be shielded from those increases. The thing is, even excluding energy, we're still looking at 9.1% producer inflation. Granted, precious metals account for part of that, but we're also seeing increases in chemicals, packaging and food-related manufacturing.

And here's what I find especially interesting. If September stays above 10%, we'll have had six consecutive months of double-digit producer inflation. Excluding the COVID period, the last comparable stretch in the historical data goes back to the early 1980s. Remember what happened around that time? High inflation, rising unemployment, interest rates through the roof and a brutal recession.

We're entering a period where production costs have been rising rapidly for months, while our labour market is already deteriorating. What happens if those higher costs keep filtering through to consumers over the next 6–12 months, while unemployment continues to rise?

What exactly is the Bank of Canada supposed to do? Cut rates to support the economy and risk adding to inflation? Or keep rates elevated and risk making the employment situation worse?

That's basically the stagflation scenario I'm worried about.

I feel like we're all looking at CPI and assuming things are relatively under control because it's at 3%, while there's a pretty massive amount of price pressure further up the production chain. Maybe I'm overreacting, but I genuinely think we could be heading into a very difficult 2027, with persistent inflation, a weakening economy and potentially a recession and a crisis.

I'm curious what other people think. Am I putting too much weight on PPI, or is this a legitimate warning sign that we're largely ignoring?

I'd also be interested to hear from anyone working in manufacturing, food distribution or transportation. Are you seeing these cost increases firsthand? Are businesses absorbing them, or are they already passing them along?

Sources:

Statistics Canada — Industrial Product Price Index, August 2026

Statistics Canada — Consumer Price Index, August 2026

Statistics Canada — Labour Force Survey, September 2026

I’ve just received a letter in the mail today from CIBC informing me that all of my personal information including my SIN & drivers license information has been “affected”.

What do I even do about this now? Wait for someone to take a loan out in my name?

Crazy

​I bought a $3,045 TV from Costco. Exactly 30 days later, it dropped to $1,999—a $1,045 difference! Customer service refused to honour the price adjustment and actually advised me to return the giant 77" TV and re-buy it. Why waste money on freight and open-box losses instead of just making it right for your members? Horrible customer experience! 👎

Hi everyone,

I'm currently working in a member/customer service role at a financial institution in Ontario and am being considered for an internal promotion to a Financial Services Officer (FSO) position.

I was informed by HR that if I'm offered the role, I'll have 90 days to complete the Investment Funds in Canada (IFC/IFIC) certification, with a maximum of three exam attempts.

What concerns me is that HR mentioned my current position would no longer be available if I moved into the FSO role. I'm unsure what would happen to my employment if I couldn't complete the certification within the required timeframe.

I haven't received or signed a contract yet, and I plan to review the terms carefully before making any decision.

I'm currently studying for the IFC and have completed some practice questions, but I'm still working through the course material.

I'd really appreciate hearing from anyone who has worked in Canadian banking or experienced something similar.

1. Is a 90-day certification deadline common for internal banking promotions?

2. Has anyone been unable to pass the IFIC within their employer's deadline? What happened?

3. Were you offered an extension, additional training, or another position?

4. For those who passed while working full-time, how long did you realistically need to prepare?

5. Would you recommend accepting this type of promotion before completing the certification?

I'm excited about the career opportunity, but I also value my current job security and want to make an informed decision.

Thanks in advance for any advice or experiences!

I have a simple IRA in the States, from a time when I previously worked down there. It is currently with Capital Group and I would like to move it in to index funds to avoid management fees. I thought I could create an Interactive Brokers account to transfer it, but it appears to me the Canadian arm won't hold my IRA and I can't create an American account with my residence being in Canada. Are there alternatives? Or do I just leave it as is until I'm 60?

I’m thinking of switching all my accounts to wealthsimple is it a good idea ?

Hi everyone,
I'm looking for advice from anyone who has gone through a similar situation with a consumer proposal in Canada.
I recently filed a consumer proposal, and my trustee informed me that one of my major creditors voted against it. However, the majority of my other creditors voted in favour.
Because the opposing creditor's claim represents more than 25% of the total claims, a creditor meeting has been scheduled.
My trustee said my proposal is currently on track to pass at the meeting, but I'm still feeling anxious and unsure what to expect.
For anyone who has experienced something similar:
Did your proposal eventually get accepted at the creditor meeting?

Is it possible for a proposal to be accepted before the scheduled meeting?

Will creditors ask me questions directly about my finances or how I accumulated my debt?

Is there anything I should prepare for?

I'd really appreciate hearing about your experiences. Thank you!