Good morning. Gold is surging, debt is compounding and a lot of Canadians are sitting on cash wondering if now is the right time to act. Today we break down what it all means for you.
On The Money Today:
Gold could nearly double — what that forecast means for your portfolio
The car loan trap catching Canadians off guard at trade-in time
A 66-year-old with $100K in cash asks the question every retiree is wrestling with right now
Let's get into it.
Wells Fargo is forecasting a jaw-dropping surge in gold prices — and if they're right, waiting could cost you. Here's what the bull case means for your portfolio and the smartest ways Canadians can get exposure before prices climb further.
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Monthly payments that feel manageable can mask a growing debt trap. If your car loan runs longer than 5 years, you could owe far more than your vehicle is worth — and trading in only makes it worse. Here's what to do before you sign.
With markets rallying and recession warnings mounting, leaving $100K in a savings account could be costing you more than you think. Here's what retirement experts say Canadians in this position should actually do with a large cash sum.
MONEY IQ
Since before the pandemic, new vehicle prices in Canada have surged dramatically. By roughly how much have prices increased since 2019?
ALSO MAKING THE ROUNDS TODAY
AUTO INSURANCE: CAA warns drivers about new distraction tactics linked to car thefts and how to protect yourself
RETIREMENT: Divorce wiped out his savings at 36 — here's how Canadians can still rebuild for retirement
MANAGING MONEY: Canadians grandfathered into old contracts are saving thousands — find out if you're one of them
EMPLOYMENT: Fake job listings cost Canadians $49M last year. Here's how to spot them before it's too late
MONEY IQ: HOW DID YOU DO?
Answer: D) 57%. Before COVID, the average new vehicle in Canada cost around $40,490. By late 2025 that had climbed to $63,439 — a jump of roughly 57%. Supply chain disruptions and surging demand sent prices soaring, and they haven't come back down since.
That's a wrap for today! Before you go, we'd love to know what you thought of today's newsletter. Hit REPLY if you have more to share — we read every reply.
