Business
5 Myths About Purchasing a Vehicle

“I can get a better interest rate at my own bank”
Interest rates will depend on the way you’re borrowing the money, and for
how long. A dealership sells many auto loans each month, which pushes
lenders to be very competitive in order to earn business. We highly
recommend asking your dealership what the best rate they can offer is
before you make a purchasing decision.
“The end of the month is the best time to buy”
Dealerships always have a momentum push at month’s end in order to offer
the manufacturers current incentives before they expire. Most consumers
will shop during the month with these incentives in mind, and then make their
final decision near the end of the month. There are times some dealerships
have targets to achieve and depending on the store, and vehicle, you could
get a better deal.
“Paying Cash gets you a better deal”
This was true many years ago, but as noted in Item 1, Lenders try to entice
dealerships to use them. This often allows your dealership to offer you more
competitive pricing on a vehicle.
“A New vehicle will depreciate 50% the moment I drive away”
Manufacturers use new vehicle incentives with low interest rates for buyers.
Once a vehicle is traded in and sold as used, the consumer purchasing that
vehicle will pay interest rates anywhere from 4-7%, which can make the
payment the same and sometimes higher than it was for a new vehicle. This
is especially noticeable when a vehicle is traded in within the first year of
ownership as the trade value can be substantially less than the original
MSRP. This is because the dealership must price the used vehicle as compared
to a new one. We’ve found that the ideal amount of time to own a vehicle
before trade in is 3-4 years.
“A lower price or payment means I got a better deal”
We highly advise consumers to review all the documents they sign; some
dealerships use payments to sell the vehicles and graze over the final numbers.
You must consider the total cost of financing, ensure you have an open loan
that can be paid out at any time, and know if there will be a balance owing
at the end of the term.
2025 Federal Election
MEI-Ipsos poll: 56 per cent of Canadians support increasing access to non-governmental healthcare providers

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Most believe private providers can deliver services faster than government-run hospitals
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77 per cent of Canadians say their provincial healthcare system is too bureaucratic
Canadians are increasingly in favour of breaking the government monopoly over health care by opening the door to independent providers and cross-border treatments, an MEI-Ipsos poll has revealed.
“Canadians from coast to coast are signalling they want to see more involvement from independent health providers in our health system,” explains Emmanuelle B. Faubert, economist at the MEI. “They understand that universal access doesn’t mean government-run, and that consistent failures to deliver timely care in government hospitals are a feature of the current system.”
Support for independent health care is on the rise, with 56 per cent of respondents in favour of allowing patients to access services provided by independent health entrepreneurs. Only 25 per cent oppose this.
In Quebec, support is especially strong, with 68 per cent endorsing this change.
Favourable views of accessing care through a mixed system are widespread, with three quarters of respondents stating that private entrepreneurs can deliver healthcare services faster than hospitals managed by the government. This is up four percentage points from last year.
Countries like Sweden and France combine universal coverage with independent providers and deliver faster, more accessible care. When informed about how these health systems run, nearly two in three Canadians favour adopting such models.
The poll also finds that 73 per cent of Canadians support allowing patients to receive treatment abroad with provincial coverage, which could help reduce long wait times at home.
Common in the European Union, this “cross-border directive” enabled 450,000 patients to access elective surgeries in 2022, with costs reimbursed as if they had been treated in their home country.
There’s a growing consensus that provincial healthcare systems are overly bureaucratic, with the strongest agreement in Alberta, B.C., and Quebec. The proportion of Canadians holding this view has risen by 16 percentage points since 2020.
Nor do Canadians see more spending as being a solution: over half say the current pace of healthcare spending in their province is unsustainable.
“Governments shouldn’t keep doubling down on what isn’t working. Instead, they should look at what works abroad,” says Ms. Faubert. “Canadians have made it clear they want to shift gears; now it’s up to policymakers to show they’re listening.”
A sample of 1,164 Canadians aged 18 and older was polled between March 24th and March 28th, 2025. The margin of error is ±3.3 percentage points, 19 times out of 20.
The results of the MEI-Ipsos poll are available here.
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The MEI is an independent public policy think tank with offices in Montreal, Ottawa, and Calgary. Through its publications, media appearances, and advisory services to policymakers, the MEI stimulates public policy debate and reforms based on sound economics and entrepreneurship.
2025 Federal Election
POLL: Canadians say industrial carbon tax makes life more expensive

The Canadian Taxpayers Federation released Leger polling showing 70 per cent of Canadians believe businesses pass on most or some of the cost of the industrial carbon tax to consumers. Meanwhile, just nine per cent believe businesses pay most of the cost.
“The poll shows Canadians understand that a carbon tax on business is a carbon tax on Canadians that makes life more expensive,” said Franco Terrazzano, CTF Federal Director. “Only nine per cent of Canadians believe Liberal Leader Mark Carney’s claim that businesses will pay most of the cost of his carbon tax.
“Canadians have a simple question for Carney: How much will your carbon tax cost?”
The federal government currently imposes an industrial carbon tax on oil and gas, steel and fertilizer businesses, among others.
Carney said he would “improve and tighten” the industrial carbon tax and extend the “framework to 2035.” Carney also said that by “changing the carbon tax … We are making the large companies pay for everybody.”
The Leger poll asked Canadians who they think ultimately pays the industrial carbon tax. Results of the poll show:
- 44 per cent say most of the cost is passed on to consumers
- 26 per cent say some of the cost is passed on to consumers
- 9 per cent say businesses pay most of the cost
- 21 per cent don’t know
Among those decided on the issue, 89 per cent of Canadians say businesses pass on most or some of the cost to consumers.
“Carbon taxes on refineries make gas more expensive, carbon taxes on utilities make home heating more expensive and carbon taxes on fertilizer plants increase costs for farmers and that makes groceries more expensive,” Terrazzano said. “A carbon tax on business will push our entrepreneurs to cut production in Canada and increase production south of the border and that means higher prices and fewer jobs for Canadians.”
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