Each of us is now responsible for saving for our own retirement, but many young people aren’t feeling particularly optimistic about their ability to do so. Most millennials (64 percent) say they don’t expect to be able to accumulate $1 million for retirement over their lifetime, according to a WellsContinue Reading
The cost to shop online just got a whole lot more expensive. Continue Reading
If you’re of a certain age, YOLO needs no translation. For the rest of us, personal finance writer Jason Vitug has helpfully spelled it out in the title of his latest book: You Only Live Once. Vitug is American, as is his publisher John Wiley & Sons Inc. but, asContinue Reading
Even though many of us are still decades away from retirement, it’s a constant worry. Nobody wants to run out of cash during their golden years. With record housing prices, higher food costs, and increasing financial commitments despite stagnant salaries, saving for retirement is tougher than ever. And with interest rates hittingContinue Reading
It’s a scary place to be — in debt and afraid. A new Consumer Financial Protection Bureau report found that more than one in four consumers felt threatened when contacted by debt collectors. The first-ever national survey of consumer experiences with debt collectors found consumers often faced calls that cameContinue Reading
Scrutiny of the financial industry has been on the rise in recent months, fuelled in part by CBC News reports alleging unscrupulous practices at Canada’s big banks. The CBC’s findings may not have been surprising to insiders, who have been witness to the industry’s indiscretions for years. What is surprisingContinue Reading
A recent union-sponsored survey suggests an overwhelming majority of federal government auditors believe Canada’s tax system unfairly favours the wealthy over average Canadians. The poll, conducted by the Professional Institute of the Public Service of Canada, found nine out of 10 auditors and other tax professionals surveyed agreed that corporationsContinue Reading
New immigrants from India need to make important financial decisions in order to help them get settled and start building their new life in Canada. Tips are available on: opening a bank account in Canada before they move; the transfer of money from one country to another; building a creditContinue Reading
The S&P/TSX Composite Index was down triple-digits as of mid-afternoon trading on October 4. Canadian stocks have not responded with as much momentum as their American counterparts in the aftermath of the new trilateral trade agreement between the United States, Mexico, and Canada. Investors who are looking for growth inContinue Reading
Canadians insatiable appetite for consumer spending with credit continued rising for the year despite a marked decline in mortgages due to a cooling in the housing market.Continue Reading