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10 Proven Ways Canadian Families Can Save Big on Groceries This Summer

  Published on moneysavings.ca | Personal Finance & Everyday Savings If you've been to a Canadian grocery store lately, you already know — the sticker shock is real. Feeding a family in Canada has become one of the biggest household expenses, and with food prices still elevated, many families are looking for smart, practical ways to stretch every dollar. The good news? You don't have to sacrifice quality or go hungry to save big. With a few simple habit changes, many Canadian families are cutting hundreds of dollars off their monthly grocery bills. Here are 10 strategies you can start using today. 1. Shop the "Reduced for Quick Sale" Section First Every major grocery store in Canada — from Loblaws to Sobeys to Walmart — has a section dedicated to items nearing their best-before date. These items are often marked down by 30–50%, and they're perfectly good to eat within a day or two (or freeze immediately). Make it a habit to check this section the moment...
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TD Bank: Navigating Challenges and Changes

 

Toronto-Dominion Bank (TD), once revered as the pinnacle of banking, is facing a shift in perception. The bank, known for its robust profits and investor appeal, is experiencing a tarnished reputation. A series of events, including messy succession planning, a dimmed growth outlook, and a more reserved stance on social issues, have contributed to this change.

The bank’s attempted acquisition of First Horizon Corp was blocked by U.S. authorities, revealing significant anti-money laundering issues and attracting the Department of Justice’s attention. This setback, coupled with the departure of key executives, has raised questions about TD’s future direction.

Despite these challenges, TD remains a strong lender with solid operations. It continues to command respect from investors, reflected in its stock trading at 10.8 times next year’s expected earnings. However, it now trails behind its chief rival, Royal Bank of Canada, which trades at 11.5 times estimated earnings.

TD’s Canadian personal banking division struggled during the pandemic, while its peers thrived. The bank’s leadership, once a close-knit ‘corporate family,’ now appears more restrained, with less substantive communication.

As TD approaches a leadership transition, it retains fundamental advantages, such as a stable source of cheap funding from retail deposits. Some questioned strategies are showing promise, like the revamped Aeroplan program and expansion in capital markets with the Cowen Inc. acquisition.

In summary, TD Bank is at a crossroads, with its once-unquestionable trust starting to wane. The bank’s next steps will be crucial in maintaining its esteemed position and regaining the confidence of stakeholders. The future leader will inherit a bank with a solid foundation but must navigate the uncertainties that lie ahead.


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