In a major turn of events, the U.S. automotive industry finds itself in the midst of a dark chapter that could potentially benefit thousands of Chevrolet and General Motors (GM) vehicle owners. A recent court ruling has resulted in a historic settlement that could see some drivers receiving up to $12,700 in financial compensation. For Continue reading
Ford Drivers in Canada May Benefit from New Class-Action Lawsuit
Allegations Behind the Lawsuit: Faulty Transmission Linked to Major Problems The class-action lawsuit claims that Ford’s 10R80 transmission, introduced in 2017, has resulted in serious operational issues for a range of vehicles in Canada. The Canadian version of Ford’s transmission system has been plagued by complaints from owners, who report frustrating malfunctions. According to Charney Continue reading
Canadian Dollar Struggles as USD/CAD Rises to 1.4260
The USD/CAD pair surged to nearly 1.4260 during the North American trading session on Monday, reflecting a significant shift in market sentiment. The Canadian Dollar (CAD) has come under pressure, largely driven by growing expectations that the Bank of Canada (BoC) could continue its policy of rate reductions throughout the year. The primary catalyst for Continue reading
Iconic Retail Chain to Close Almost 500 Stores
The retail industry has faced a turbulent and challenging journey in recent years, with major contractions reshaping the landscape. This disruption has created confusion for both shoppers and business owners alike. The cause of much of this upheaval can be traced back to the COVID-19 pandemic, which forced global mass closures and dramatically altered shopping Continue reading
Say Goodbye to Child Tax Credit Phone Verification—New Rules Require Online or In-Person ID Checks
April marks more than just the beginning of spring and tax season—this year, it also brings a significant change for families planning to claim the Child Tax Credit (CTC). The Social Security Administration (SSA) has implemented a key policy shift affecting how taxpayers verify their identity when applying for this critical credit. If you’re a Continue reading
Weekend Lottery Win Makes Lotto 6/49 Player a Multimillionaire
In a stunning twist of fate, a simple $3 Lotto 6/49 ticket has turned into a life-changing jackpot for a lucky Canadian. This incredible win comes amid a weekend of major lottery draws, where millions of dollars were up for grabs in both the Lotto Max and Lotto 6/49 draws. On Friday, April 4, the Continue reading
Updated Canada Unemployment Rates for LMIAs Effective April 4
On April 4, 2025, Canada introduced a game-changing update to its Labour Market Impact Assessment (LMIA) rules. This change, which will last until July 10, 2025, prohibits the processing of low-wage LMIA applications in certain Census Metropolitan Areas (CMAs) where unemployment rates hit 6% or higher. Whether you’re an employer using the Temporary Foreign Worker Continue reading
Over $1 Billion in Unclaimed Tax Refunds Set to Expire Could You Be Missing Out?
If you didn’t file a tax return for the 2021 year, there’s a chance you could be one of the 1.1 million taxpayers still eligible for a refund— and it could be more than you think. However, you must act fast: after April 15, 2025, these unclaimed refunds will be forever lost to the U.S. Continue reading
CRA May Distribute $2 Billion in Tax Refunds to Post-Secondary Students This Year
Filing taxes might not be the most exciting task, but for Canadian post-secondary students, it could mean unlocking valuable credits and refunds that can add up to significant savings. In fact, 2025 could see up to $2 billion in tax refunds going back into the pockets of nearly two million students across the country. Here’s Continue reading
Say Goodbye Wells Fargo to Automatically Close Inactive Accounts by End of April
Starting in April 2025, Wells Fargo will begin shutting down dormant checking and savings accounts that haven’t seen activity for over 16 consecutive months. This move is part of the bank’s strategy to cut operating costs and streamline its services. If your account has been snoozing for a while, it might be time to wake Continue reading