As economic uncertainty continues to weigh on Canadians, a new member survey from Advocis, The Financial Advisors Association of Canada, reveals that many households are feeling heightened financial stress and limited confidence in their ability to weather the storm.

It is widely known that small businesses are major contributors to Canada’s economy. In fact small and medium sized businesses contribute over half of GDP with roughly 99% employing 1-99 workers.

What do emergency funds and debt management have in common? Lots of things, from your attitudes and decisions on your perceived personal and financial risk as it relates to your life and how you live it to how you spend or save money.

Inflation is affecting Canadians across the board, from rising grocery prices to higher housing costs. In today’s economy, it’s essential to have a well-planned emergency fund. Inflation reduces the purchasing power of money, meaning the emergency fund you’ve carefully built might not cover what it

Creating an emergency fund is crucial in achieving financial stability, even when your income is limited. This safety net can help you weather unexpected expenses without resorting to high-interest debt or derailing your long-term financial goals.

In a landscape historically dominated by men, entering the financial realm may feel like stepping into uncharted territory for many women says Tara Lalehparvar. The good news according to Lalehparvar, is that times are changing, and inclusivity and diversity are becoming integral to reshaping the financial industry.