Well it's no secret that our hydro bills have been much bigger this year. I myself had a mini heart-attack when I noticed that the rate I paid between January and March was nearly twice as high as last year's. Sure it's colder outside, but how can that possibly translate to such a massive increase. And if I'm suffering, I can't even imagine how those with bigger properties are feeling.
On top of all the extra money we've been paying, Hydro Quebec wants to implement yet another price increase this year according to Radio Canada. That's right, your bill is going up again.
Starting April 1st, your electricity bill will cost you an another 2,9% and that's the increase approved by the Regie de l'Energie. Hydro Quebec originally demanded a 3,9% increase! That's pretty crazy considering they made 3,38 billion dollars in profits and that this increase is adding onto all the other increases we've had in the last few years. In fact, since 2004 we've seen a cost increase of 28,9%
The energy giant knows exactly what they're doing with this timely increase, they're raising your bills at the same time as it starts getting warmer out, which means your bill will be cheaper and most people won't notice. But once next winter comes rolling along, we're seriously going to start feeling the increase and it will be too late to do anything about it. And they did the same thing last year, that plus the extra cold weather is why your Hydro bill seemed so expensive this year.
While there's a myriad of possible reasons as to why Trudeau is ahead in the province, his handling of the pandemic could be the biggest. Among the Quebecers polled, 46% believed that health care is the most pressing issue in the upcoming election and 53% said the current prime minister "has performed well on pandemic management."
Politics and the Fourth Wave: As concern over COVID rises, are the Liberals poised to benefit?… https://t.co/znhujEMXZU
"We, the undersigned, demand that the Government of Quebec publicly reject, as of now, the idea of a mandatory vaccination passport and that it commit itself to do like the Governor of Florida, Ron DeSantis, has done, that is to say, prohibit the obligation to present a vaccination passport in order to attend certain events and practice certain activities," the petition states.
Samson, a former Coalition Avenir Québec member who switched sides in June, held a press conference about the petition alongside Conservative Party of Quebec leader Eric Duhaime on August 12. They explained that the party had already collected 133,000 signatures on a previous petition that did not meet the criteria of the National Assembly.
"We reviewed the wording [...] So we're going to ask these hundreds of thousands of people to re-sign their petition on the National Assembly website, and we're going to invite Quebecers who don't agree with the vaccine passport to come forward as well," Samson said.
The petition, which was posted to the National Assembly website on August 12, had garnered more than 75,000 signatures at the time this article was published.
Knowing how to manage your money can be tough. Personal finance isn't something that's typically taught in schools, and if you don't have a financially savvy person in your life, you might be left to figure it out on your own.
To help you learn more about money management and how to get more value from the things you do every day, Narcity got in touch with Erica Nielsen, Senior Vice President of Everyday Banking and Client Growth at RBC.
They spoke about tips to help you manage your money, and the launch of RBC Vantage — which gives you access to a comprehensive suite of benefits, interactive tools, rewards and savings available simply by having an RBC bank account.
"Saving money is not impossible and reaching your goals is easier if you start by making a plan," said Nielsen. "Having an incentive in mind can also make it easier to avoid spending your savings on an immediate temptation."
As a first step, a good tip is to take stock of where you are financially and put your goals down on paper. Having both short-term goals (like paying off credit card debt or heading off on a weekend getaway) and long-term goals (such as buying a house) will help inspire you to leave that money alone.
Look for a rewards program that makes it easy to earn points for the things you are already doing every day.
With RBC Vantage, for example, eligible clients can now earn RBC Rewards when using debit. Not only will this give you more ways to earn rewards, it's a big benefit if you don't have a rewards credit card. You can also get access to so many more rewards and savings from great Canadian brands like Petro-Canada and Rexall.
"Whether you're saving up for a big purchase or looking for ways to pay for everyday expenses and purchases, rewards points can play an important role," said Nielsen.
Make Sure You Have The Right Banking Products For Your Needs
It may be hard to know which bank account is right for you. A good place to start is by looking for an account that offers features that leave more money in your wallet – from ways to save on monthly fees and unlimited transactions to savings on ATM fees.
To help you in your search, RBC has launched new interactive tools to make it easy to find the account that best meets your needs and discover even more benefits.
And if you are a student, make sure to check out the new RBC Advantage Banking. The monthly fee on this account is free for full-time students during your studies.
AI-driven tools, like NOMI, make it easier to break down some of the barriers some people might face when managing money, such as not having enough time and not paying close attention to your financial situation. From budgeting to saving, NOMI can help you manage your finances with confidence. (More to come on this!)
You can also use a helpful digital platform like MyAdvisor to create a personalized plan and connect with an advisor in your community, online, by phone or in person.
"Budgeting is a fundamental tool that helps you manage your money and stay in good financial shape," said Nielsen. "It puts you in control of your day-to-day spending and financial future by making you more aware of where your money is going."
Despite this, less than half (49%) of Canadians keep a budget, according to the 2019 Canadian Financial Capability Survey. If you're considering getting on top of your budgeting but feel overwhelmed at the idea, rest assured that you don't have to start from scratch.
Consider a digital tool like NOMI Budgets which does the heavy lifting for you. It takes the math out of money management by recommending personalized budgets for you based on your spending habits, and it can help you stay on track with notifications and reminders.
Setting up automatic transfers from your chequing to your savings account can help you keep up with your savings goals, especially if you tend to spend your income as soon as it lands in your account.
There are also convenient tools out there to help you never miss an opportunity to save. Through RBC's NOMI Find & Save, for example, clients may save money they didn't even know they had. This feature "uses predictive technology" to find extra dollars it thinks you won't miss and automatically moves them into a savings account.
Mary Simon's approval rating is lower in Quebec compared to the rest of Canada, a poll released Wednesday showed, because the new governor general can't speak French.
An Angus Reid Institute poll of 2,049 Canadians found only 49% of Quebecers approve of her appointment compared to 74% of respondents in the rest of the country.
"Despite being from Nunavik (the Inuit homeland in Northern Quebec), and having been awarded the [province's] highest distinction, many Quebecers remain unconvinced Mary Simon is the best choice for governor general due to her lack of fluency in French," stated the Angus Reid Institute.
"Support is cleaved along linguistic divides in the only majority Francophone province in Canada," it continued, as only 40% of Quebecers whose first language is French approve of her appointment compared to 81% of English speakers.
Though Simon, the country's first Indigenous governor general, is not currently fluent in French, she has promised to learn, Angus Reid stated.