In This Economy?!

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? 

GUEST: Lorraine Sommerfeld, columnist with Driving.ca. 

Do you have a money problem? Call us and leave a message at 416-935-5935. Or email us at [email protected]. You can also find us on Instagram and TikTok @InThisEconomyPod. Don't forget to leave a call-back number, so we can get in touch.

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. 

GUEST: Shannon Lee Simmons, Certified Financial Planner (CFP), Chartered Investment Manager (CIM)  and founder of the award winning New School of Finance. 

Do you have a money problem? Call us and leave a message at 416-935-5935. Or email us at [email protected]. You can also find us on Instagram and TikTok @InThisEconomyPod. Don't forget to leave a call-back number, so we can get in touch.

Many of us, at one point or another, have thought about changing banks. 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. 

GUEST: Rubina Ahmed-Haq, personal finance expert and multimedia journalist.

Do you have a money problem? Call us and leave a message at 416-935-5935. Or email us at [email protected]. You can also find us on Instagram and TikTok @InThisEconomyPod. Don't forget to leave a call-back number, so we can get in touch.

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?

GUEST: Emily Durham is a career coach and host of The Straight Shooter Recruiter podcast. 

Do you have a money problem? Call us and leave a message at 416-935-5935. Or email us at [email protected]. You can also find us on Instagram and TikTok @InThisEconomyPod. Don't forget to leave a call-back number, so we can get in touch.

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. 

Do you have a money problem? Call us and leave a message at 416-935-5935. Or email us at [email protected]. You can also find us on Instagram and TikTok @InThisEconomyPod. Don't forget to leave a call-back number, so we can get in touch.

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.

Do you have a money problem? Call us and leave a message at 416-935-5935. Or email us at [email protected]. You can also find us on Instagram and TikTok @InThisEconomyPod. Don't forget to leave a call-back number, so we can get in touch.

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? 

GUEST: Angela Calla, accredited mortgage professional and author of 'The Mortgage Code'

Do you have a money problem? Call us and leave a message at 416-935-5935. Or email us at [email protected]. You can also find us on Instagram and TikTok @InThisEconomyPod. Don't forget to leave a call-back number, so we can get in touch.

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

Do you have a money problem? Call us and leave a message at 416-935-5935. Or email us at [email protected]. You can also find us on Instagram and TikTok @InThisEconomyPod. Don't forget to leave a call-back number, so we can get in touch.

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 on a new season of In This Economy?!—but this fall we're also introducing shorter episodes that let our experts explain what the latest piece of economic news means for you, right now, Today, In This Economy.)

Do you have a money problem? Call us and leave a message at 416-935-5935. Or email us at [email protected]. You can also find us on Instagram and TikTok @InThisEconomyPod. Don't forget to leave a call-back number, so we can get in touch.

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 a few tips to avoid high fees.

Do you have a money problem? Call us and leave a message at 416-935-5935. Or email us at [email protected]. You can also find us on Instagram and TikTok @InThisEconomyPod. Don't forget to leave a call-back number, so we can get in touch.