Minimize Your Post-Holiday Financial Hangover

Everyone loves holiday parties, right? Whether you don an ugly sweater or a classy suit, getting together with friends to clink glasses and enjoy each others’ company can be a salve for the winter blues. However, party a little too hard, and that egg nog hangover…

Throwaway Culture and Personal Finance

What would happen if you collected all the things you threw away for a day? A week? A month? Chances are, like this New York man, you would be literally swimming in discarded goods in just a few days. Experiments like this one are proving just…

Personal Finance for Kids: Reimagining the Allowance

The working world has created a mental cycle among those of us who ply the nine to five: put in your hours, and anticipate the weekly, biweekly or monthly deposit from our paycheques. It’s a simple pattern, and it can unfortunately cause us to think…

The Walking Debt: Zombie Debt vs. Consumers

Halloween may be done and dusted for the year, but there’s still a creeping presence that looms, groaning, hungry for brains… I mean, interest… over many Canadian consumers. You can run, but you can’t hide… from zombie debt. If you’ve had debt in the past…

More Canadians Expect Fintech Services

Fintech has been pegged as a disruptor of the traditional banking sector, but new data suggests that more and more Canadians are coming to expect fintech services as part of the de facto package that they receive from their banking outlet of choice. The CGI survey, titled…

Do Winter Blues Affect Finances, Too?

This morning, Bloomberg reported a decline in the overall personal finance confidence among Canadians. “Asked about their personal finances, Canadians are twice as likely to say it is worse than better than a year ago,” Nanos Research Group Chairman Nik Nanos said in the summary of the…

Is a Fintech Career in Your Future?

Fintech has been called the killer of banking jobs, what with its focus on automation and lean, startup-oriented operational mentality. However, the sector is exploding in its own right: the emergence of the alternative banking sector and fintech in general is creating strong opportunities for everyone…

It Doesn’t Take “A Small Loan of a Million Dollars”

Though Progressa is proud of our Canadian roots and our part in growing the fintech community in Canada, we would be remiss not to take note of the ongoing political brouhaha coming to a head among our neighbours to the south. With Republican candidate Donald…

Enter The Fintech Sandbox

One of the biggest challenges for the fintech space is the necessity of balance. Fintech firms want to stay ahead of the curve, but also need to abide by regulations that will ensure the safety of consumers. The Canadian fintech landscape lacks extensive regulation at…

Canadian Interest Rates: Planning for Change

A new report by credit monitoring agency TransUnion suggests that an interest rate increase of as little as 0.25% could negatively impact almost a quarter of a million Canadians, who would suddenly find themselves unable to maintain repayment of their existing debts. Though they have remained…