Author: Muriel Schmidt

Canada’s banking system is world renowned for safety. The Canada Deposit Insurance Corporation (CDIC) makes Canadian banks safe. This protects your deposits up to $100,000, meaning if a CDIC-insured bank in Canada ever fails while holding your money, the federal crown corporation will refund you up to $100,000. What bank is the safest to put […]

a proof of your current salary or hourly pay rate (for example, a recent pay stub) your position and length of time with the employer. notices of assessment from the Canada Revenue Agency for the past 2 years, if you’re self-employed. How do mortgage lenders verify income Canada? Your recent paystubs will verify your income. […]

In certain cases, a rebate may also be available for Quebec sales tax (QST) paid on purchases for a foreign convention. Invoices in Quebec often show the French term for the QST, TVQ. If you are a non-resident visitor to Canada, you cannot claim a rebate of the GST/HST that you paid for purchases made […]

Edmonton and Calgary have the lowest gas prices out of any major city in Canada. How can I get cheap gas in Canada? Tips at the pump Choose your timing wisely. Gas prices tend to rise around Thursdays as the weekend draws nearer, so try to fill up near the beginning of the week. Fill […]

The most expensive fuel in Canada can be found in Squamish, BC at 224.9, while the cheapest fuel can be found in Bonnyville, AB at 170.9. What city has the highest gas prices in Canada? Even in Vancouver, the traditional home of Canada’s highest gas prices, gasoline is about $1.35. What city has the most […]

Canada’s energy system is dominated by oil, gas, and coal and is therefore susceptible to the geopolitics of global producers and unpredictable market forces. The cost of renewable energy has declined to the point where, in many markets, it is less expensive than gas or coal-fired electricity. Does Canada have energy crisis? Ontario, the country’s […]

The relatively sparse population, number of vehicles on the road, and the long distances people and goods must be transported to cross the country may explain Canada’s relatively high transportation fuel consumption per capita. The industrial sector accounts for nearly 30% of Canada’s oil demand. Does Canada or the US use more energy? Only the […]

In addition to a cold climate and dispersed population, Canada has a relatively large industrial base, a growing energy producing sector, a low cost of energy, and a very high standard of living. These factors all contribute to Canada’s high energy intensity. Why is Canada so energy intensive? Canada has relatively large mining, oil and […]

Higher interest rates encourage saving and discourage borrowing and, in turn, spending. In response, companies increase their prices more slowly or even lower them to encourage demand. This reduces inflation. Lower interest rates work in the opposite way and can help increase inflation if it is too low. How does interest rates affect inflation? Even […]

Canada-based TC Energy said it shut down its Keystone system Wednesday night following a drop in pipeline pressure. It said oil spilled into a creek in Washington County, Kansas, about 150 miles (240 kilometers) northwest of Kansas City. Why did Canada stop the pipeline? The project’s corporate backer—the Canadian energy infrastructure company TC Energy—officially abandoned […]