New or used? What you need to know before buying a car in today's market

Buying a car can be an expensive process. released in April found that 39 per cent of Canadians are less likely to buy a car due to the rate of inflation, while 55 per cent of respondents who currently own a car are planning to stop doing so in the future.

“Regardless of make, model or trim, all buyers should be considering the price of the car, the cost of financing, the need for additional products, and the value placed on a trade-in,” Dan Park, CEO of car-buying website Clutch.ca, said in an email. Meanwhile, Park argues the better deals right now are in the new vehicle market, as resolved supply chain issues have led to more inventory, and more deals at the dealership.

“There are government rebates that are available when you purchase a fuel-efficient vehicle, as well as tax incentives. If you're self-employed or a business owner, there might be other tax incentives that are available to you.”It’s for that reason that Dhanji believes researching the vehicle and its insurance premiums is key.

A U.S. Department of Justice investigation into TD Bank was focused on how Chinese drug traffickers and crime groups used Canada's second-largest lender to launder their money from fentanyl sales, the Wall Street Journal reported earlier this month. Five members of the finance committee requested to discuss recent revelations regarding TD Bank and allegations of failing to report money laundering related to trafficking of fentanyl, the House of Commons committee said on Tuesday.

Boeing orders tumbled in April and were outnumbered by canceled sales in another sign of the crisis gripping the troubled aircraft manufacturer. Boeing said Tuesday that it received orders for seven planes last month, an unusually small number. As expected, deliveries of new Boeing jetliners were weak, at 24 in April, pushing the U.S. company farther behind Airbus, its European rival.

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