Finance

SpaceX surges past $2 trillion in Nasdaq debut, closes in on Amazon

By Manya Saini, Echo Wang and Niket Nishant June 12 (Reuters) - SpaceX shares jumped 19% in their Nasdaq debut on Friday, sending the company's value past $2 trillion to make it the sixth-biggest U.S. company by value and turning Elon Musk into the world's first trillionaire. Investors jumped at the chance to get a piece of Musk's sprawling empire spanning rockets, satellites and AI after the

Almost 10% of Toronto mortgage holders may not qualify to refinance next year, BoC says

Toronto’s mortgage stress story is entering a new phase. For the past two years, the focus has been on higher

@ the Bell: Markets rise on Iran–US peace hopes, SpaceX IPO biggest ever

Canadian equities advanced on Friday, supported by growing optimism that a peace agreement between Iran and the United States could be finalized soon. President Donald Trump indicated that a deal might be signed as early as this weekend. If reached, the agreement could bring an end to a conflict that has lasted more than three months, a situation t...

U of O students help high-schoolers learn financial literacy

Many high-schoolers say their money management skills are lagging in a world of tapping and digital transactions. Now, some university students are helping prepare them for what's to come. The CBC's Emma Weller reports.

Israel’s wartime costs are rising and squeezing social spending

Israel’s prolonged war footing has driven total conflict-related costs to about 405 billion shekels, or roughly $138 billion, raising fresh concern that defense spending will keep crowding out health, education and other civilian priorities.

3 budgeting strategies for parents

Parenting makes budgeting harder, not because you’re bad at money, but because family life is unpredictable. These three approaches can help.

Why you might run into trouble if you believe 'my property is my pension'

Owning a home is seen as an ultimate financial milestone in Britain – but does it actually give you the security that many believe it does?

As bills pile up, Canadians are increasingly relying on their tax return to help with everyday expenses

It highlights how stretched household finances have become

The world's 25 richest rappers, ranked by their massive fortunes today

Meet the world's richest rappers, from Cardi B to Jay-Z.

She forgot about an old employee account — and found millions in it! Here’s what Dave Ramsey suggests on how to handle a windfall

What do you do when a forgotten employee investment account turns out to be worth millions? The dilemma is real — and the wrong move could cost you a fortune in taxes and lost security

A Government of Canada class action settled for $8.7 million and here's who could get money

This is related to a privacy breach of Canada Revenue Agency, Service Canada and other government accounts.

Is it too late to redeem your Aeroplan points before Air Canada slashes their value?

Air Canada's Aeroplan program is raising the points cost on dozens of routes starting June 1, 2026. If you're holding a balance, the time to redeem — or plan — is now

Hungary’s missing €3.5 billion – and the move to investigate Orban

Hungary’s missing €3.5 billion – and the move to investigate Orban’s inner circle - IN FOCUS: Viktor Orban’s popularity is still in freefall even after his landslide election loss in April. But as further corruption allegations emerge in a mysterious case of a missing €3bn, his legacy may be dead and buried. Alex Croft reports

How a pie can teach you money lessons

In this episode of the #PieGrahamSeries, I raised $10,000 to surprise Graham Stephan with a pie in Las Vegas. The video covers our discussion on investing, personal finance, his biggest regrets, and how he found fulfillment in life. I also made an appearance in his latest vlog on The Stefamily channel.

Bank of Canada holding interest rate at 2.25%

The Bank of Canada is holding interest rates at 2.25 per cent. Mike Eppel, a senior business analyst with 680 NewsRadio Toronto, has more on the decision.

Gold market: Rising inflation fears force mining giants like Barrick into acquisitions – S&P Global provides tailwind for DRC gold

Barrick Mining: Radical Restructuring and the “Great Divide” As one of the world’s largest gold and copper producers, Barrick Mining operates a vertically integrated business model but is currently facing a profound transformation. To reduce the historical valuation discount in the markets, management plans to spin off its North American operations...

Investec boosts rate on its one-year cash ISA fix to make it a best buy as deals keep improving

Investec has boosted the rate on its one-year cash Isa fix to 4.68% as deals continue to nudge higher.

Intesa launches $35 billion Monte dei Paschi bid to redraw Italian financial map

By Valentina Za, Andrea Mandala and Elvira Pollina MILAN, June 8 (Reuters) - Italy's top banking group Intesa Sanpaolo made a €30.6 billion ($35 billion) unsolicited cash-and-share bid on Monday to buy smaller rival Monte dei Paschi di Siena (MPS) to create the euro zone's second-largest lender by market value. A successful transaction would place Intesa behind only Spain's Santander, overtaking

A significant number of Canadian women may not fully understand how inflation is draining their savings – 3 money moves to make right now

Many Canadian women keep their money in traditional savings accounts earning next to nothing — while inflation erodes their purchasing power. Here's what's holding them back and 3 moves to make now

How everyone became rich online but broke in person

How everyone became rich online but broke in person - LET’S UNPACK THAT: Despite UK wage growth grinding to a halt, wealth-flexing is all over the internet. Lydia Spencer-Elliott explores how the faux-rich are using delusion and AI to manifest millions, despite warnings from financial experts about the dangers of kidding yourself

The world's oldest currencies still in circulation today

Some modern currencies have been in continuous or near-continuous use for centuries.

How to get the most out of your next GIC

If you're thinking about investing in GICs, finance experts say there's a few things you can do to snag a better rate. (June 11, 2026)

Posthaste: US treasuries just got toppled from the world's foreign reserve throne

Who are the biggest gold bugs of them all? Central banks apparently.

New easy-access accounts pay over 4.2% - but you'll have to be quick to bag one: Sylvia Morris

Sneaky banks have been launching easy access savings rates that look good on paper, but are limited by endless terms and conditions.

The wealthiest religious organizations in the world

Religion has always been more than a private expression of faith. It is, in fact, an enduring institution that has shaped societies and governed entire communities. Across the globe, some religious organizations have gathered extraordinary resources that have placed their worth high above others. From lands that stretch across nations to treasures that embody centuries of artistry, these fortunes fund hospitals, schools, and charitable works. But they also raise questions about how much religious organizations should be allowed to mix faith and economy. What are the richest religious institutions on the planet? And what is their approximate worth? Click on to find out. All figures are in USD.

Business matters: Ottawa offers loan program for airlines amid soaring costs

The federal government has launched a new loan program for airlines struggling to deal with soaring jet fuel prices caused by the war in the Middle East. While airlines have had a mixed response to the lifeline, many have already been forced to slash schedules and lower profit forecasts. Reggie Cecchini has this story and more in Business Matters for June 9, 2026.

Revolut launches 5% easy-access savings rate for new customers: What's the catch?

The bank has launched a head-turning 5 per cent rate on its instant saver - we examine what to know before signing up.

1 in 3 Canadians carrying credit card debt as rising costs squeeze budgets

The findings come as broader financial pressures push more households to adjust spending and rely on borrowing

7 myths millennials thought would make them rich – and didn’t

Far from guaranteeing a route to financial freedom, these myths often had the opposite effect, financial advisor Laura Churchill said.

Which of the world's richest people are getting even richer?

Meet this year's global wealth titans and discover how they made their money.

Market Open: Oracle Slides on Equity Raise, Markets Rebound After Selloff | June 11th

Markets are rebounding after a sharp selloff, with strong gains across North American indices led by technology and industrials. The TSX is climbing, supported by broad participation across sectors, while U.S. markets are surging, with both the Dow and Nasdaq posting solid gains as investors step back into risk assets. European markets are also mov...

Dollar steadies, set for weekly loss on US-Iran deal talks

By Chibuike Oguh NEW YORK, June 12 (Reuters) - The dollar steadied on Friday but remained on track for a weekly loss, as markets monitored negotiations over a deal that could end the Middle East conflict. Traders were also digesting unprecedented demand for shares in SpaceX, which raised $75 billion in an initial public offering and jumped about 20% in its Nasdaq debut. The euro was little

Robinhood launches 2% cashback worth up to £400 on its ISA: Is the US import worth investing with?

The US-based investment platform has launched a new cashback bonus, but can the platform compete with more established UK rivals?

The world's richest musicians, ranked

From legendary rock stars to rappers with lucrative side hustles, check out the world's 25 richest music stars.

Canadian dollar falls as speculators raise bearish bets to highest this year

By Fergal Smith TORONTO, June 8 (Reuters) - The Canadian dollar weakened to a two-month low against its U.S. counterpart on Monday, as investors awaited a Bank of Canada policy decision this week and after recent data showed speculators increasing their bearish bets on the currency. The loonie was trading 0.1% lower at 1.3950 per U.S. dollar, or 71.68 U.S. cents, after touching its weakest

SpaceX IPO poised to launch this group of everyday teachers into dream retirement — massive $11B jackpot possible. How to ride the same wave now

A group of Canadian teachers are preparing for a prospective liftoff.

S&P 500, Nasdaq rise as tech, chipmakers rebound

By Caroline Valetkevitch and Sruthi Shankar June 8 (Reuters) - U.S. stocks ended mostly higher on Monday, led by gains in the Nasdaq and chipmakers as investors sought bargains after Friday's sharp selloff. Investors were also relieved after Iran and Israel said they had halted attacks on each other. The halt followed an appeal from U.S. President Donald Trump that they immediately "stop

These are Canada's highest-paying job fields right now and #1 isn't medicine, law or finance

Turns out the biggest salaries don't always require a fancy education. 👀

The next wealth boom: Emerging markets to add $12 trillion by 2030

Emerging markets will add trillions in wealth by 2030, but the fast-growing affluent class driving it remains largely unserved by banks and advisers. View on euronews

Lifetime ISA rates soar to 5.51%: Is it worth opening one to save for your first home?

Plum and Moneybox are battling to offer the top Lifetime Isa rate, with the providers paying well above the best rate on an easy-access Isa.

Which beloved comedy star is the richest in 2026?

From Adam Sandler to Jerry Seinfeld, discover which comedian is the richest in 2026.

Why retirement savings are slipping down Canadians' priority lists

Canadians feel grateful when they think about money, but aren’t financially fulfilled

How I manage my money: Tech firm owner, on £20,000 a month, paying £7,000 in rent

Inside LIV Golf's $3 billion+ spending spree: The numbers that matter as per Forbes

No more easy cash. A wild race to find new money before golf’s rebel tour completely breaks down.

I sold a buy-to-let and banked £175k, what should I with the money?

I currently have no investments, but have already filled my cash Isa allowance. I want this money to work hard and am willing to take some risk.

Bank of England set to hold interest rates as it faces balancing act

The Bank of England is set to keep interest rates on hold next week as policymakers face the task of navigating the Middle East energy shock and a slowing economy. Many economists do not think an interest rate hike is on the cards this month despite concerns that the Iran war is putting pressure on UK inflation. The Bank’s Monetary Policy Committee...

The countries you need to pack cash for - and how much you'll really get charged for using an ATM

To help travellers save money and avoid fees on their next trip, we've highlighted 12 destinations where local currency is king - and reveal exactly how much those ATM fees will dent your budget.

The 'odd jobs economy' is growing as British Columbians look for extra income

3 in 5 people in the province either already earn money from their skills or would consider doing so

Good investing netted couple in their 40s $3.5 million. Can they retire in two years?

In 2020, during the depths of the pandemic, new parents Paul* and Elizabeth, were sheltering in place with their newborn when they decided to take a chance with their investments. Energy stocks had taken a severe hit and Paul recognized the situation as a “black swan” event. He opened a tax-free savings account (TFSA), did his research, identified historically profitable, dividend paying Canadian energy companies, and went all in.

Bitcoin fintech eliminates $20 million in debt without diluting shareholders

Bitcoin's evolution from a speculative asset into the foundation of everyday financial products has created a new generation of companies that both hold digital assets and build businesses around them. As these firms pursue growth, investors are paying close attention to how management teams fund expansion. Companies that can strengthen their balance sheets and invest in growth without issuing new shares are often rewarded.