You're about to get a break on the GST/HST on a bunch of items just in time for Christmas. On top of that, $250 cheques will be mailed out to Canadians this spring who make under a certain amount. But is this really a gift to the economy? In This Economy host Mike Eppel speaks to Managing Director, Canadian Rates & Macro Strategist at BMO, Benjamin Reitzes.

The colder weather has finally arrived, and with it a big question: Is it time to put winter tires on the car? Climate change may have you questioning the necessity of winter tires, and the price tag is certainly not making that decision any easier. So we want to know, are winter tires worth the upfront cost? And what do they really do anyway?

This holiday season, about one third of Canadians are planning to either buy fewer gifts, or spend less on the gifts they do buy because they're struggling with their finances. Today, we're looking at ways to limit holiday spending without disappointing anyone.

Many of us have thought about changing banks, at one point or another. But with those thoughts comes a little uncertainty. How much time will it take? How much money will it cost? Will it impact my borrowing power? Today we tackle everything you need to know about switching banks, so you can understand your options and make a sound decision.

You may have seen recent headlines about Canada's economy adding 47,000 new jobs in September and full-time employment seeing the largest gain in two years. These numbers sound positive, but do they tell the full story? What does this mean for people currently looking for work? And how does it help, or hinder, those who are currently employed but hoping for a raise or promotion?

Credit card debt has been skyrocketing among many Canadians, basically since the pandemic began. And while it would be nice to be able to go without it, that's not a reality for many of us. So how do you sort through the hundreds of cards out there—and their various rewards, annual fees and interest rates—and choose one that actually works for you? We speak to Shannon Terrell, who's sifted through every card out there for NerdWallet, to find out how you can end up in a better financial place.

New data shows that consumer insolvency rates in Canada are approaching highs not seen since the financial crisis of 2008-09. Why are so many Canadians going broke? Will falling interest rates help change that? How can you tell if you're dangerously close to the edge, and what should you do about it if you are? We speak to licensed insolvency trustee, Doug Hoyes, to help understand the rising numbers and current options.

The federal government has announced changes to mortgage amortizations and insurance rules, calling them “the most significant mortgage reforms in decades.” But what do these changes really mean for new home buyers? And existing ones? Will they help with the affordability crisis, or focus more on accessibility?

It's been quite a long (and expensive!) journey, but the latest numbers show that the inflation rate in Canada has finally fallen to the Bank of Canada's "target rate" for the first time in more than three years. So does that mean all our troubles are over? Why is two percent the ideal target for the BoC? And what does this data tell us about the economy we'll be living in for the next several months? GUEST: Mike Eppel, 680 News Sr. Business Editor

After years of shortages, dealership lots are finally full of new vehicles again. The question is if this will bring down prices that spiked during the pandemic? In this episode of Today, In This Economy, we chat with Driving.ca columnist Lorraine Sommerfeld about what to expect in the marketplace and everything you need to know about buying a new or used car this fall. (We're hard at work a new season of In This Economy?!—but this fall we're also introducing shorter episodes that let our...

This episode first aired on In This Economy?! in March 2023. We thought you might enjoy the listen while the show is on a short break. Netflix. Disney+. Prime. Apple TV+. Spotify. Newspapers. Magazines. Video games. Substacks. A secret caller (hint: you know him!) has a minor subscription addiction and needs help getting his spending under control. Jordan asks Barry Hertz, Deputy Arts Editor and Film Editor for The Globe and Mail, to explain the subscription boom we're living in, and learn...

This episode originally aired on In This Economy?! in January 2023. We thought you might enjoy the listen while the show is on a short break. Suki is in the market for her first car. She would like to purchase an electric vehicle but doesn't know if she can really afford it. Jordan interviews an auto industry expert to better understand current market trends and develop a roadmap for buying a car right now. Frances has been a freelancer for the past 10 years. In that time she's never...

This episode first aired on In This Economy?! in November 2023. We thought you might enjoy the listen while the show is on a short break. Suki is in the market for her first car. She would like to purchase an electric vehicle but doesn't know if she can really afford it. Jordan interviews an auto industry expert to better understand current market trends and develop a roadmap for buying a car right now.

This episode first aired on In This Economy?! December 2023. We thought you might enjoy the listen while the show is on a short break. Anna has $9000 in credit card debt and needs help getting her spending under control. Jordan talks to money expert, Tori Dunlap, about why our collective credit card debt is rising and how users can avoid accumulating more debt than they can handle.

This episode first aired on The Big Story June 20, 2024. We thought you might enjoy the listen while In This Economy?! is on pause for the summer. The Liberals say their changes to the capital gains tax mean that Canada's ultra rich will pay a little more, money they can easily afford. The Conservatives say the Liberals are taxing small business owners and Canadians already struggling to get by. Who's right? What if they both are? The changes to the tax were bound to become a political...

This is our last episode until the fall, so we thought we'd use the time to reflect on what we've learned so far, answer some of your feedback and talk about what's coming up next. In the meantime, we'll be revisiting a few of our earlier episodes and providing occasional news updates on events that matter to your wallet. Another Interest rate cut?! In this economy?! Thanks for listening and talk to you in September!

This month, schools across the country will be closing for the summer. And the kids? Well, their parents will have to figure out what to do with them. Nowadays, there's a lot of pressure to register kids for expensive camps and classes, but is all that really necessary? Can the kids just do nothing all summer?

Tova wrote into the show expressing frustration with the price of clothes at brick and mortar stores. She wants to shop online but doesn't like the hassles associated with making returns. Tova's email got us thinking about our own evolving shopping habits and what it means for both the economy and the environment. Do we need to reframe how we think about buying clothes?

On Wednesday the Bank of Canada lowered its key interest rate for the first time in four years, after months spent at a 20-plus year high. The cut was just a quarter-point, but it could be a signal that easier economic times are on the way for millions of Canadians struggling with servicing their debt. So what does this latest cut mean right now, and what might it mean in the future? And is this the start of a trend, or could the bank decide to walk it back later this year?

Cheap. Entitled. Greedy. Those are just a few things that come to mind when one thinks about a landlord. But have you ever considered becoming one? According to data collected by the Canadian Real Estate Association, the current average cost of a house in Canada is just over $700 thousand dollars. Simultaneously, the cost of renting remains at an all-time high. Buying a house that has a basement unit, or something you can rent out to help cover your mortgage, might seem like an appealing...

Summer is around the corner, and a lot of us are dreaming of a holiday. But post pandemic it feels like everything has skyrocketed. So how can you still have a fun and meaningful family vacation in this economy?

As a bonus this week, we thought you might enjoy this episode, which originally ran on The Big Story May 15, 2023. We're in the middle of a month in which thousands of Canadians have sworn to boycott any store or product produced by Loblaw Companies Ltd. That includes an awful lot of stores and products, and would require some severe changing of habits. Which is why it probably won't work. It seems that every week we're encouraged to boycott something, but how many of these protests...

Patrick's family member is diagnosed with bipolar disorder and addicted to cocaine stimulants. Patrick and his wife have been trying to fund treatment through private means but are running out of money. They are worried long wait times and delays in the public system will be a barrier to care for their beloved family member. Jordan speaks to Nadeem Esmail, senior fellow at the Fraser Institute who has studied the current state of mental health care in Canada and how we compare to other...

In 2017, the Ontario Liberal government instituted a basic income pilot where participants across the province would receive $1,400 a month for three years. That project has since been cancelled but basic income, as an idea, continues to be brought up as a potential solution to our money problems. So, could it be? And how would it work in practice?