Good morning. The conventional financial playbook gets questioned a lot these days — and today's stories make a strong case for why. Sometimes what looks like a step back is actually a step forward. Sometimes the simplest strategy wins. And sometimes the institution you trust most lets you down.
On The Money Today:
More Canadian families are choosing to live together — and the numbers back it up
The 4 rules Kevin O'Leary's mother used to quietly build her fortune
What your bank is actually required to do after a scam
Let's get into it. But first…
Has your bank ever left you hanging after a scam? If your bank denied your fraud claim or left you in limbo, we want to hear what happened. Just hit reply and tell us your story — we're featuring real Canadian experiences in an upcoming issue.
If your adult child has moved back in — or is about to — you're not alone. More Canadian families are treating multigenerational living as a deliberate wealth-building strategy, not a fallback plan. Here's how to structure it so everyone comes out ahead.
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She was a factory worker in Montréal with no financial training — and her family had no idea how much she'd built until after she was gone. The 4 rules Kevin O'Leary's mother used to grow her wealth over 55 years are straightforward enough that any Canadian can apply them, no matter where you're starting from.
Dilyn Gilbert-Leduc and his wife had just bought their first business when fraudsters drained $90,000 from their Scotiabank accounts in a single day. The bank traced the money. They know where it went. And still, months later, the couple has seen nothing. If you think your bank would automatically have your back after a scam, Canadian fraud law says otherwise.
ALSO MAKING THE ROUNDS TODAY
RETIREMENT: Canadians 60 and older lose an average of $21,000 per fraud incident — and they're being targeted on purpose. Here's what every Canadian needs to know
HOME INSURANCE: Nearly 70% of Canadians believe extreme weather could damage their home, but only one-third have done anything about it. Are you in the majority?
DEBT: She paid off her debt, bought a home and followed every rule. Three days into her marriage, her husband broke their financial agreement. Dave Ramsey's advice hits hard
HOW TO EARN MONEY: He cleaned septic tanks and sold his blood to get by. Today he's worth US$2 billion. See the wealth-building principles behind his rise
HAVE YOUR SAY
If you lost $90K to a scam and your bank refused to reimburse you, what would you do?
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.
