How Budget 2025 could change how you bank, from fees to cryptocurrency

The Canadian federal budget outlines key proposed measures aimed at addressing various economic challenges. It includes plans for tax reforms, infrastructure investments, and enhancements to social programs, reflecting the government's commitment to fostering growth and supporting citizens.

A recent Salvation Army survey reveals that less than half of Canadians feel financially optimistic, largely due to U.S. tariffs. The survey highlights that 86% of respondents believe these tariffs are increasing the cost of essential household items, with 79% stating that low-income families are suffering the most.

A recent Ipsos poll for Global News reveals that 42% of Canadians are urging the federal budget to focus on alleviating the rising cost of living rather than addressing deficits. This sentiment highlights the pressing financial concerns many Canadians face, making it crucial for policymakers to prioritize support for everyday expenses in the upcoming budget.

Visa is making significant strides in the cryptocurrency space, positioning itself as a potential leader among stablecoins. This move is important because it could enhance the stability and usability of digital currencies, making them more accessible to everyday consumers and businesses. As traditional financial institutions embrace blockchain technology, Visa's involvement could pave the way for broader acceptance and integration of cryptocurrencies in the global economy.

Upstart reported earnings that exceeded expectations by $0.10, although its revenue fell short of estimates. This mixed performance highlights the challenges the company faces in meeting market forecasts.

International General Insurance reported earnings that exceeded expectations by $0.01, although their revenue did not meet estimates. This mixed performance highlights the challenges the company faces in a competitive market.

Qualys has reported impressive earnings, beating expectations by $0.30, with revenue also surpassing estimates. This strong performance highlights the company's growth and resilience in the market.

The recent federal budget announcement brings exciting changes for Canadians, aiming to modernize the banking system. With proposed reviews and reforms, it could significantly impact how people bank, including aspects like fees and the integration of cryptocurrency.

AMD has reported strong Q3 results, exceeding expectations thanks to a surge in demand for AI-driven data center solutions. The company's upbeat guidance reflects confidence in continued growth in this sector.

Leonardo DRS and Hofmann Engineering are teaming up to explore innovative solutions in naval propulsion. This collaboration aims to enhance the efficiency and effectiveness of naval systems, promising exciting advancements in maritime technology.