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More notice of bank closures and easier cheque cashing: 5 nuggets buried in Tuesday's budget

They might not get the flashy headlines, but sprinkled throughout Tuesday’s budget and its digital-only annexes are several measures that could impact the lives of many Canadians. We take a closer look at five of them.

2025-11-05T00:45:50Z

Best strategies in a buyer's market

The Bank of Canada will announce its next interest rate decision on Wednesday. Those in the real estate market will be watching closely and many analysts are expecting a rate cut. That would ultimately mean lower mortgage rates for people looking to get into the market. Realtor and YouTuber Glen Hopkins with Macdonald Realty in Surrey joins Dan Burritt for a look at the market.

2025-10-29T04:22:27Z

Manulife to enter India insurance market as part of diversification refocus

TORONTO — Manulife Financial Corp. is looking both further afield and closer to home as it charts a refreshed course for the years ahead.

2025-11-13T16:28:39Z

Ottawa's budget promises to spur business investment. Will it?

Experts are cautiously optimistic that the federal government's plan to spur business investment will move the needle on better productivity and economic growth, but say it doesn’t come without risks.

2025-11-06T09:13:39Z

Bank of Canada cuts key interest rate to 2.25%

The Bank of Canada has lowered its interest rate by 25 basis points to 2.25 per cent, the second cut since March, but cautioned that monetary policy can't fix the structural economic damage caused by the U.S. trade war.

2025-10-29T17:07:43Z

Don't let a money scarcity mindset get the best of you, experts say

Even when you have a decent job and your bills always get paid off on time, you might still feel afraid that you're not getting ahead or you'll never have enough.

2025-11-11T15:13:39Z

Liberals take big swing with Budget 2025

Prime Minister Mark Carney's first federal budget earmarks billions in spending to bolster the economy and make the country a more attractive place to invest. The Liberals are projecting a $78.3 billion deficit for this year, but a weakening economy could put Ottawa's fiscal sustainability at risk. (Nov. 4, 2025)

2025-11-04T21:17:02Z

Where Nova Scotia's top-earning 0.1% are getting their wealth

New numbers from Statistics Canada based on tax filings from 2023 show how much the highest-income Nova Scotians make. The top 0.1 per cent made more than $920,000 — about 29 times more than the typical Nova Scotian. Lars Osberg, a professor of economics, breaks down the numbers with Tom Murphy.

2025-11-06T21:37:25Z

US stocks sink as Wall Street sees both good and bad in Big Tech profits, US-China relations

NEW YORK (AP) — The U.S. stock market sank from its record heights on Thursday, as Wall Street sifted through mixed developments on everything from the U.S.-China trade war to profits for Big Tech behemoths.

2025-10-30T05:58:44Z

Black Friday spending habits

Black Friday is just around the corner, and despite economic uncertainty it seems consumers could be ready to spend. Tyler Orton, with Business in Vancouver, shares details of a new survey.

2025-11-12T21:50:00Z

Canadians are delaying long-term goals to keep up with cost of living: data

Canadians say it's getting more challenging to save for the future because of the economy and high cost of living, according to new survey data.

2025-10-30T11:05:33Z

Brookfield Asset Management reports record US$30 billion capital raise

TORONTO — Brookfield Asset Management Ltd. says it raised a record US$30 billion in capital in the third quarter as it sees the deal environment improving.

2025-11-07T17:43:39Z

Federal Reserve likely to cut key rate Wednesday and may signal another cut to follow

WASHINGTON (AP) — The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring.

2025-10-28T10:13:41Z

2025 Federal Budget: What $5 billion means for Canada’s health system

The 2025 federal budget unveiled this week includes a $5 billion investment in health infrastructure. Dr. Joss Reimer, from the Canadian Medical Association, follows the money to determine if it’s enough to improve healthcare facilities across the country.

2025-11-07T20:34:58Z

Key executive convicted of defrauding JPMorgan Chase is sentenced to over 5 years in prison

NEW YORK (AP) — A top executive at a startup company that eased the process for college students applying for financial aid was sentenced Wednesday to over five years in prison for cheating JPMorgan Chase in a $175 million acquisition of the company four years ago.

2025-11-05T21:58:40Z

US Mint presses final pennies as production ends after more than 230 years

PHILADELPHIA (AP) — The U.S. ended production of the penny Wednesday, abandoning the 1-cent coins that were embedded in American culture for more than 230 years but became nearly worthless.

2025-11-12T13:52:44Z

Why how you spend matters, according to CBC's personal finance columnist

Mark Ting joined Dan Burritt with insights on why being frugal at a young age might not be the best, and lessons learned from Morgan Housel's The Art of Spending.

2025-11-14T19:22:26Z

Can the Canada Music Fund survive the upcoming federal budget?

Prime Minister Mark Carney will table his first federal budget on Nov. 4. Musicians across the country are watching closely. They're lobbying the government to extend and increase an annual investment in the Canada Music Fund, which is otherwise scheduled to end in March 2026. Kami Van Halst is the interim executive director of Alberta Music.

2025-11-03T09:07:26Z

Financial markets grow fretful after reports of UK government abandoning income tax hike

LONDON (AP) — British financial assets were under pressure Friday on growing speculation that the Labour government has ditched plans to raise income taxes in a crucial budget at the end of the month.

2025-11-14T17:43:41Z

Federal budget doesn’t include new money for pharmacare expansion

No additional money was earmarked for pharmacare programs in the 2025 federal budget and about 60 per cent of the $1.5 billion over five years previously committed is already spoken for with only three provinces and one territory signed on to the plan.

2025-11-08T03:22:25Z

Your Money: breaking down the federal budget

In this week’s edition of Your Money, Personal finance expert Rubina Ahmed-Haq joins Miranda Anthistle to unpack Canada’s $78 billion deficit, what it means for everyday Canadians, and how the new budget addresses housing, jobs, and the future economy.

2025-11-07T03:20:07Z

Insurance giant Sun Life Financial reports $1.1B in Q3 profit, down year-over-year

TORONTO — Sun Life Financial Inc. reported $1.1 billion in net income during the third quarter, down from $1.35 billion during the same period a year earlier.

2025-11-05T23:13:40Z

Winning ticket for $980 million jackpot sold in Georgia, Mega Millions says

A Mega Millions player in Georgia won the $980 million jackpot on Friday, overcoming abysmal odds to win the huge prize.

2025-11-15T04:57:42Z

Federal budget to include tax credit for workers, funding for training programs

The federal government is preparing to table its first budget since Prime Minister Mark Carney assumed office. David Akin reports on some of the measures being promised, including a tax credit for workers and funding for worker training programs.

2025-10-28T04:34:59Z

Barrick reports Q3 profit up from year ago, raises base quarterly dividend

TORONTO — Barrick Mining Corp. raised its quarterly base dividend as it reported a third-quarter profit of US$1.3 billion, up from US$483 million in the same quarter last year.

2025-11-10T14:58:39Z

How Canada's federal budget will affect Ontario

The Ontario government had a wishlist of what they wanted to see from the federal budget, including tax cutsand funding towards major projects. CBC's Lorenda Reddekopp has the details.

2025-11-04T23:22:25Z

Japan's SoftBank says it has sold its shares in Nvidia for $5.8 billion, turning its focus to OpenAI

TOKYO (AP) — Japanese technology giant SoftBank said Tuesday it has sold its stake in Nvidia, raising $5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier.

2025-11-11T07:43:36Z

Berkshire Hathaway's profits rise 17% as Warren Buffett prepares to step down as CEO

OMAHA, Neb. (AP) — The profits of Warren Buffett 's company improved 17% thanks to a relatively mild hurricane season and more paper investment gains this year as Berkshire Hathaway prepares for the legendary 95-year-old investor to relinquish the CEO title in January.

2025-11-01T16:58:41Z

Many Canadians preparing to cut back on holiday spending: survey

The rising cost of living is expected to put a chill on holiday spending this year.

2025-11-11T16:43:41Z

Stablecoins could transform how we exchange money

Stablecoins are a type of digital currency that could revolutionize — or severely disrupt — the way people, companies and countries exchange money. CBC’s Jenna Benchetrit explains.

2025-11-05T22:52:28Z

How Budget 2025 could change how you bank, from fees to cryptocurrency

The federal budget unveiled Tuesday proposes several reviews and reforms targeting the ways Canadians bank, in an effort to modernize the banking system.

2025-11-04T22:05:33Z

Budget promises to introduce framework for Canadian dollar-backed cryptocurrency

The Liberal government is committing to roll out new legislation to ensure some digital currencies are secure and stable enough for consumers and businesses to use.

2025-11-04T21:40:47Z

Waste pickers want more items to have a deposit value

Collecting cans or bottles to return for the deposit is a way to reduce garbage, but it's also a way for many to make money. Waste pickers, or binners, say the important work they do should be afforded a bigger role. As Chad Pawson reports, they want deposits assigned to other types of waste.

2025-10-27T12:07:27Z

Business Matters: Federal budget promises more bank oversight

Part of the new federal budget includes changes to how consumers conduct financial transactions. Ottawa is promising more oversight on banks, including decreasing how long it takes to get funds deposited by cheque. Nivrita Ganguly has this story and more in Business Matters for Nov. 5, 2025.

2025-11-05T17:50:00Z

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.

2025-06-05T14:10:34Z

How to tackle household finances amid economic uncertainty

Credit Canada CEO Bruce Sellery joined BC Today host Michelle Eliot to discuss steps people can take to manage their finances as Canada's economic and jobs outlook remains uncertain.

2025-11-04T22:52:25Z

Independent Quebec would adopt its own currency, PQ leader says

SHERBROOKE — Parti Québécois Leader Paul St-Pierre Plamondon wants Quebec to have its own currency in the event it becomes independent.

2025-11-15T16:30:25Z

Central bank commentary weighs on risk assets, following BoC and Fed rate cuts

TORONTO — Canada's main stock index closed more than 270 points lower on broad-based losses, while U.S. stock markets posted mixed results as investors reacted to rate cuts on both sides of the border.

2025-10-29T15:43:41Z

Elon Musk's $1T Tesla pay plan approved by shareholders

The world's richest man is on a path to become the world's first trillionaire thanks to a jaw-dropping $1-trillion pay package approved by Tesla shareholders. Anne Gaviola has more on what some analysts call a dangerous precedent in tech CEO compensation in the age of A.I.

2025-11-08T03:20:08Z

Young Canadians hoping for support in Carney's federal budget

Young Canadians are being hit hard by a combination of high unemployment, soaring housing prices, and inflation. Heidi Petracek looks at what that demographic is hoping for from Prime Minister Mark Carney's first federal budget.

2025-11-04T03:20:00Z

Wall Street scrambles back from a big morning loss as Nvidia and bitcoin swing

NEW YORK (AP) — An early swoon shook the U.S. stock market on Friday, as Nvidia, bitcoin, gold and other high flyers swung on an increasingly antsy Wall Street, but it quickly calmed.

2025-11-14T05:13:42Z

Bank of Canada mulled later timing for October rate cut, deliberations show

OTTAWA — The Bank of Canada's governing council was on the same page about the need to lower its benchmark interest rate last month — but the exact timing of the cut was up for debate.

2025-11-12T18:34:31Z

B.C. Securities Commission settles with man, company for more than $4 million

VANCOUVER — The British Columbia Securities Commission says it has reached a nearly $4.2 million settlement with a man and his company for misleading shareholders and misusing investor funds for personal expenses.

2025-11-11T01:30:12Z

More than 80 nonprofits receive $250M for global women's health from Melinda French Gates

More than 80 organizations that provide health care for women all over the world received grants Wednesday totaling $250 million from Melinda French Gates after a year-long application process.

2025-11-12T14:43:40Z

Salesperson explains how much a $998 down payment really costs

At Formula Ford, a sales rep explained how the advertised $998 down payment was actually more than $4,000 when factoring in other charges, including some listed in the fine print.

2025-11-07T09:07:26Z

Wall Street drifts around its records as AMD rallies

NEW YORK (AP) — U.S. stocks drifted around their records in a mixed day of trading Wednesday.

2025-11-12T07:28:39Z

Amazon carries Wall Street to the finish of another winning week and month

NEW YORK (AP) — Amazon led the U.S. stock market on Friday to the finish of another winning week and month.

2025-10-31T04:58:41Z

Manulife reports $1.8 billion in Q3 earnings, down slightly year-over-year

TORONTO — Manulife Financial Corp. reported $1.8 billion in net income attributed to shareholders during the third quarter, down slightly from $1.84 billion during the same period a year earlier.

2025-11-12T23:13:41Z

The Bank of Canada just cut interest rates to 2.25%

The Bank of Canada delivered another rate cut Wednesday, lowering its overnight benchmark by 25 basis points to 2.25 per cent and marking its second cut since March.

2025-10-29T13:50:32Z

George Weston reports $477M Q3 profit, revenue up nearly five per cent

TORONTO — George Weston Ltd. reported a third-quarter profit attributable to shareholders of $477 million in its latest quarter as its revenue rose nearly five per cent.

2025-11-14T13:28:40Z