As Interest Rates Rise, So Does Canadians' Financial Anxiety

With another interest rate hike now on the books, the change has some Canadians uncertain about their financial future. The Bank of Canada recently announced an increase in its key interest rate from 1 to 1.25 per cent and, subsequently, most major banks have raised their prime lending rates 25 basis points as well to ... Continue Reading

#ParkingFails Caught on Camera

#ParkingFails Caught on Camera

I admit it. Parking is not what I excel at and it turns out, I’m not the only one who struggles with it. A few months back, I came across this picture-perfect parking job near the Kanetix.ca offices. We’re located in downtown Toronto where parking is at a premium—pun intended—and I thought my colleagues would ... Continue Reading

Streetcar is King of the Road

King Street Transit Pilot has Toronto drivers seeking alternative east-west routes. To curb traffic congestion on Toronto’s busiest TTC surface route, the city’s King Street Transit Pilot kicked off November 12, 2017 and is now in full swing. The pilot will run for one year and will affect all areas along King between Bathurst Street ... Continue Reading

Watch: The Fastest Way to Commute in Toronto

Watch: The Fastest Way to Commute in Toronto

Bike vs. car vs. public transit: Which mode of transportation wins the title of being "The Fastest Way to Commute in Toronto"? To test congestion in Toronto via different forms of transit, Kanetix.ca conducted a race between three employees. All three were asked to race during rush hour, from the Kanetix.ca office to Casa Loma—a ... Continue Reading

Distracted Drivers Who Kill or Injure Could Face $50K Fines in Ontario

Distracted Drivers Who Kill or Injure Could Face $50K Fines in Ontario

The Ontario Government is proposing some major penalties for careless drivers, including $50,000 fines and jail time for anyone who injures or kills another person while they’re behind the wheel. The government also plans to get tougher on distracted drivers by introducing a maximum $1,000 fine and a license suspension on their first offence (a ... Continue Reading