Census data does much more than determine population

The children of families who live in public housing in Tuxedo are more likely to graduate from high school, go to college or university, and less likely to need income assistance when they become adults than their counterparts who live just off Main Street in the North End.

How do we know this? The national census.

Officially known as the Census of Population, in the next few weeks, an estimated 41 million Canadians will receive this year’s census to fill in the boxes that reflect their lives. Most will receive the short form, which census officials say should take only five to 10 minutes to fill out. But 25 per cent of Canadians will receive the lengthier long-form census, which includes more demographic questions, and takes about a half-hour or so to complete, depending on the size of the household.

It’s only when the numbers are tallied that we will know exactly how many people there are in the country.

Canada is getting a sovereign wealth fund. What does that mean and how do they work?

Prime Minister Mark Carney announced the creation of the country's first-ever sovereign wealth fund on Monday, called the Canada Strong Fund.

Carney pitched the new fund as a way for Canadians to invest in nation-building projects in areas that include energy, infrastructure, mining, agriculture and technology.

Here's what you need to know about sovereign wealth funds and how they operate.

What is a sovereign wealth fund?

Jury finds that Ticketmaster and Live Nation had an anticompetitive monopoly over big concert venues

NEW YORK (AP) — A jury found Wednesday that entertainment giant Live Nation, which hosts tens of thousands of concerts a year, and its Ticketmaster subsidiary had a harmful monopoly over big venues.

The ruling, in a lawsuit brought by dozens of states, won’t immediately bring relief for concertgoers who have long complained about high ticket prices. But it could cost Live Nation hundreds of millions of dollars and perhaps force the company to sell some of its concert venues when the judge hands out penalties later.

Among other things, the jury found Ticketmaster's anticompetitive practices led to people in 22 states paying an extra $1.72 per ticket, which the judge could order the companies to pay back.

A jury in New York deliberated for four days before reaching its decision. State attorneys general who sued Live Nation said the verdict could potentially lead to lower ticket prices for music fans.

NDP pushing for ban on AI surveillance pricing as Lewis makes Parliament Hill debut

OTTAWA - The NDP is expected to introduce a motion on Wednesday calling on the government to ban a practice known as surveillance pricing that New Democrats say is unfair to consumers.

The text of the motion describes the practice as companies using a customer's personal data, like search history or how long they stay on a web page, to increase prices both in store and online.

NDP Leader Avi Lewis said Monday examples of this can include a parent with a sick baby being charged a higher price for a thermometer or medicine based on internet search history.

"This means that two different people could pay two different prices for the exact same product in the same store or on the same website on the day. It's unfair, it's a ripoff, and it's downright creepy. And it's time to put a stop to it," Lewis said.

Statistics Canada reports wealth and income gaps grew in 2025

The gap between Canada's richest and poorest grew last year as financial markets gained while interest payouts declined and the job market softened, said Statistics Canada on Monday.

The agency says the income gap, measuring the difference in the share of disposable income between households in the top 40 per cent and those in the bottom 40 per cent, reached 46.7 percentage points in 2025.

The result compared with a gap of 46.4 percentage points a year earlier.

The wider gap came as the lowest-income households saw wages rise slower than the overall average, and saw their investment income fall because of lower interest payments on savings, the agency said.

Carman man tied to swindle says he’s ‘the original’ victim

Roy Scott’s name may be on the cheques that helped leave a Winnipeg woman penniless, but the man says he’s not a scammer — he’s a victim of the same fraud.

Scott, who lives in Carman, said he lost thousands of dollars after fraudsters accessed his TD bank account and credit cards in October.

It didn’t stop there. In the months since, Scott said RCMP told him somebody got hold of a legitimate cheque Scott had deposited into his account. It was then used to open two bank accounts and a credit union account in Ontario — all while leaving his name on it.

Through Scott’s account, the scammers were also able to access money from the account of his daughter, who lives with special needs.

Latest smartphone app launch for young do-it-yourself investors points to industry trending toward no commissions on trades

A battle for young investors is being waged among Canada’s big banks and upstart fintechs, with RBC firing among the more recent salvos.

It recently launched a smartphone app called GoSmart, offering self-directed investors — or do-it-yourselfers (DIY) —access to online trading with the ability to choose from 53 exchanged-traded funds (ETFs) that can be bought and sold without commissions.

As well, GoSmart investors can trade up to 50 times per year commission-free on any U.S. or Canadian stock. This is notable, given users of RBC’s existing discount brokerage platform Direct Investing, who have been able to trade these select ETFs for free since last year, do not receive those additional 50 free trades.

“It’s a pretty substantial change,” says Dimitri Busevs, president and chief executive officer of RBC Direct Investing.

Provincial budget includes free transit passes for youths in Winnipeg, three other cities

Manitoba’s NDP government will make it more affordable for youths as young as 12 to get to school, jobs and activities with free transit passes.

Canadians increasingly choosing to stream with ads as prices rise: report

Canadians subscribed to streaming platforms again faced rising costs last year, as a new report estimates the 10 leading providers hiked prices by an average of seven per cent.

The annual Couch Potato Report, released Monday by Convergence Research, said consumers are continuing to pivot from traditional cable and satellite television packages toward alternatives like Netflix, Crave and Disney Plus, despite those streaming giants having upped their prices in recent years.

In 2024, the top streaming providers had raised their prices by an average of eight per cent for Canadian customers, according to new data from the firm.

The trend comes as streamers continue to push viewers toward plans that include advertisements. Those packages cost less for subscribers but drive additional revenue for the companies because they are able to sell commercial spots.

Fraud Awareness Month resonates more than ever as AI further blurs what’s real

Trust no one. It’s not just a motto of conspiracy theorists.

Rather, the statement is arguably the broad take away of the messaging in March for Fraud Awareness Month in Canada.

Scams — in their many forms — have become so commonplace we almost take their prevalence for granted. Recent surveys point to Canadians’ acceptance of fraud’s ubiquity, amid growing unease and understanding of its sizable financial impact.

A recent TD survey found 46 per cent of Manitoba and Saskatchewan residents cite experiencing fraud attempts weekly or even daily.

Consumers favouring combustion engine cars as interest in EVs wanes: report

TORONTO - A new report shows consumers are increasingly favouring internal combustion engine cars for their next car purchase rather than an electric vehicle.

The latest EY mobility consumer index for 2025 shows only seven per cent of those planning to buy a car in the next 24 months intended to buy an EV, down from 15 per cent in the previous report from 2024.

Meanwhile, 58 per cent said they preferred an internal combustion engine vehicle, up from 44 per cent in 2024.

The report, published on Thursday, found 30 per cent of Canadians hoping to buy a car soon are delaying or reconsidering an EV purchase in light of recent geopolitical issues.

Most Canadians want to ban or regulate algorithmic pricing, poll shows

OTTAWA - Most Canadians want the government to ban or regulate the use of algorithms to set prices, a new poll suggests — with half of respondents saying the practice is unfair because it can result in people paying different prices for the same product.

The Abacus Data poll, which was conducted online and can't be assigned a margin of error, surveyed 1,931 Canadians on algorithmic pricing.

The poll defined algorithmic pricing as the adjustment of prices in real time based on such factors as who is buying, the time of day and browsing behaviour.

Algorithmic pricing is already established in sectors like travel but has been expanding into other markets, such as retail and rental housing. It could, for example, lead to a retailer charging different prices for diapers online, depending on what it can glean about a shopper's habits.

Proposed legislation targets predatory grocery pricing

The Manitoba government is taking action to ensure grocery pricing based on customer data doesn’t rear its predatory head in the province.

NDP bill aims to strengthen renters’ protection

The Manitoba government says it will carry out the largest expansion of rent control in decades.

Public Service Delivery Minister Mintu Sandhu called the measure “historical action” that will affect thousands of units in the province.

Under the proposed legislation, which was introduced by the NDP Thursday, suites that rent for at least $2,000 a month won’t be subject to rent control. Currently the threshold is $1,670 a month.

The proposed law leaves intact the exemption for complexes that are less than 20 years old.

Spin Master sees loss, lower revenue in holiday quarter

TORONTO - Spin Master Corp.'s busiest time of year left the business with some holiday blues — a US$184.3 million loss.

The Toronto-based toy maker behind the Paw Patrol, Hatchimals and Melissa & Doug brands announced the fourth-quarter result Thursday, saying it compared with a profit of US$21.1 million or 20 cents US per diluted share a year earlier.

The company, which keeps its books in U.S. dollars, blamed the loss on a US$229.1-million non-cash impairment of goodwill and intangible assets and said it came as Spin Master capped "a challenging year for our U.S. toy sales."

"We navigated a difficult tariff macro environment and while we achieved many of our goals, our results did not meet our expectations we set at the beginning of the year," conceded CEO Cristina Miller on a call with analysts.

Google settles with Epic Games with offer to lower its app store commissions

SAN FRANCISCO (AP) — Google will lower the lucrative fees imposed on its Android app store and offer a way for rival options to gain its stamp of approval, ending a bruising legal battle that led to one of several rulings condemning its tactics as an illegal monopoly.

The proposed changes filed Wednesday with a federal court in San Francisco mark the latest twist in a case that began in August 2020 when video game maker Epic Games filed an antitrust case seeking to make it easier for alternative payment options to compete against Google's Play Store system, which charges 15% to 30% commissions on a wide variety of in-app transactions.

Google's concessions come five months after the U.S. Supreme Court refused to hear an appeal of the company's attempt to overturn a federal judge's order requiring a far more extensive overhaul of the Play Store following a 2023 trial that culminated in a jury declaring the setup an illegal monopoly.

Backed into a legal corner, Google is now prepared to decrease its baseline commissions for subscriptions and e-commerce transactions into the 10% to 20% range. It's also offering an optional 5% payment processing charge that would be applied in addition to the other service fees for apps that prefer to keep everything within the Play Store.

Province to power up smart thermostat program, rebates

Manitobans may get cash for turning down the thermostat during peak energy-use periods next winter.

Increased taxation requires thorough justification

This year, the City of Winnipeg sent me two “love letters.” The first arrived in May, informing me that it (the city) was “delivering affordability,” with the lowest municipal property tax rates in Canada, the lowest municipal fees on new housing, and the lowest garbage and recycling fees in Canada.

Small businesses weigh cost of carrying credit card fees, possibility of cash-only crime

Cash, credit or debit — or maybe just one and not the others? Even as technology advances, rising costs and the impacts of crime mean some Manitoba businesses are still seeking new ways to settle the bill with customers.

In Morden, Alex Kanski found himself in the middle of an unexpected controversy when he announced his family restaurant, Moment in Thyme Neighbourhood Grill, would be removing its card payment system and only accepting cash at the end of January.

Kanski said interchange fees — or the cost to process credit card transactions — and other fees to maintain card payments has cost the restaurant about $7,500 annually since it opened three years ago. For a 38-seat restaurant, he said, those losses are hard to take.

“With a restaurant, there’s only so many places you can cut costs,” Kanski said.

Canada Goose says diversification efforts working but Q3 profit fell from year ago

TORONTO - Canada Goose Holdings Inc. says its efforts to convince customers to turn to the company for more than a down-filled parka as winter hits are paying off — but investors may not be convinced.

While customer demand for the retailer's star product — down-filled outwear — remained strong in its most recent quarter, Canada Goose said Thursday that its non-down-filled outwear grew even faster and was accompanied by gains in lightweight and year-round apparel.

"That shift is intentional," said Carrie Baker, Canada Goose's president of brand and commercial, on a call with analysts.

"We want to be able to bring newness to the floor. We want to be able to drive repeat visitors, bring people back to see something new."

New book from renowned Canadian financial author aims to help you ‘Save Yourself’

If your goal for 2026 is getting into better financial shape, one of Canada’s most renowned personal finance experts is throwing you a self-rescue line.

Kelley Keehn has recently published her 12th personal finance book in the last 20 years, Save Yourself: a New Approach to Thinking About Money and Taking Control of Your Financial Future. She spoke with the Free Press about taking a different tact to helping Canadians to make positive financial change.

Her new book comes at the right time, released in January when many make resolutions about being better with money.

As with past efforts, Keehn has sought to provide advice on the behavioural aspects of finance. But with Save Yourself, she upped the ante with neuroscience to help readers understand how human brains handle the subject of money. “My first book was over 20 years ago on the psychology of money, but it was anecdotal because there was little research on the psychology of money.”

New year, deeper pockets needed

Changes to daily living expenses in the new year are bringing new challenges to Winnipeggers and Manitobans already burdened by the cost of living.

Getting around in the city by public transit got more expensive Thursday, and the cost of vehicle insurance will rise on April 1.

Winnipeg Transit’s standard adult cash fare increased by a dime to $3.45. Youth and seniors will now be charged $2.95, also up 10 cents compared to 2025 rates. Discounts remain in place for peggo card users, though electronic fares also rose to $3.10 for adults, $2.30 for youths and $1.55 for seniors.

Monthly passes also got more expensive: $119.35 for adults, $88.55 for youth and $59.70 for seniors. Short-term passes are also more expensive: a 24-hour adult peggo e-pass climbed to $11.45, and youth and senior versions rose to $8.50 and $5.75, respectively. A seven-day adult e-pass now sells for $31.

Grandparents can make lasting impact for disabled grandchildren by contributing to RDSP

Imagine a gift this holiday season that could one day be worth hundreds of thousands of dollars. And it would all start with the impetus to contribute to a little-known registered savings plan.