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Snowball Cookies

Buttery, nutty, and blanketed with powdered sugar, these nostalgic snowball cookies make a festive addition to any cookie tray. Here’s a clear, calm, truly step‑by‑step guide so you can just follow along and bake. Recipe overview Snowball Cookies  Yield: About 36 cookies Oven temperature: 350°F Pan: Unlined baking sheet (you can use parchment if you like, but not necessary) Ingredients: 1 cup unsalted butter, softened (2 sticks) ½ cup confectioners’ (powdered) sugar, plus more for coating 1 teaspoon vanilla extract 2¼ cups all‑purpose flour ¼ teaspoon salt ¾ cup finely chopped pecans (or walnuts) Instructions: 1. Get ready Soften the butter Take the butter out of the fridge about 1 hour before baking. It should be soft enough to press a finger in easily, but not melted or greasy. Preheat the oven Set oven to 350°F . Make sure the rack is in the center position. Prepare your pans Use unlined baking sheets (or line with parchment if you prefer). No need to...
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Canadian Bank Fees: A Costly Affair

 

In a recent eye-opening report by North Economics, it was revealed that Canadians are paying over $7.7 billion annually in ‘excess’ bank fees. This staggering figure has sparked concern as the federal government is already taking steps to mitigate bank fees.

The Alberta-based consultancy firm’s analysis showed that the fees charged by Canada’s Big Five banks—RBC, TD, BMO, CIBC, and Scotiabank—are significantly higher than those in the U.K. and Australia. The report highlights the disparity in charges for everyday banking services, including monthly account fees, non-sufficient funds, overdrafts, and ATM usage at other banks.

Alain de Bossart, the managing director of North Economics, compared the retail banking profits to deposits ratio of 2022 between Canadian and British banks. The findings suggest that the Big Five banks in Canada had an ‘excess’ income of $7.73 billion, which translates to roughly $250 per Canadian.

The Canadian Bankers Association responded by emphasizing the value and accessibility provided by the competitive banking system in Canada. They also mentioned that a significant percentage of Canadians do not pay any account fees.

This report has intensified the dialogue on bank fees in Canada, with many calling for a more consumer-friendly approach that aligns with global standards.

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