Skip to main content

Featured

The Canada Strong Fund — Invest Like the Government

  Published on MoneySavings.ca | Personal Finance | May 2026 Imagine being able to put your savings into the same fund the federal government is betting $25 billion on. For the first time in Canadian history, that's exactly what Ottawa is offering you — a front-row seat (and a direct stake) in the country's biggest nation-building push in generations. On April 28, 2026, Prime Minister Mark Carney announced Canada's first national sovereign wealth fund — the Canada Strong Fund. It's a bold, headline-grabbing idea: let everyday Canadians invest directly alongside the government in the ports, pipelines, mines, and infrastructure projects shaping our economic future. But before you start redirecting your TFSA contributions, let's break down exactly what this fund is, what it promises, what it costs — and whether it might belong in your financial plan. What Is the Canada Strong Fund? A sovereign wealth fund is a state-owned investment vehicle. Countries like Norw...

article

Seniors Express Frustration Over Exclusion from Federal $250 Cheque Program

 

A growing number of seniors are voicing outrage after discovering they are ineligible for a new federal initiative aimed at distributing $250 relief cheques to certain low-income groups. The program, designed to address rising costs of living, has left many older Canadians feeling overlooked, particularly those on fixed incomes who say they are struggling to make ends meet.

The federal government announced the plan as part of its broader effort to support vulnerable populations during a period of economic uncertainty. However, eligibility criteria for the cheques prioritize younger low-income households and families, excluding many seniors who fall just outside the income thresholds.

“It’s disappointing,” said one senior from Toronto. “We’re already dealing with skyrocketing prices for essentials like food and medication, and now we’re being left behind.” Advocacy groups, including the Canadian Association for Retired Persons (CARP), have called on the government to expand the program to include older adults, arguing that they face unique financial pressures.

A government spokesperson defended the plan, stating it targets those deemed most in need, but indicated that additional measures to support seniors might be introduced in the future. For now, many older Canadians are calling for immediate action to ensure they are not left out of critical relief efforts.


    Comments