More Canadians likely to declare bankruptcy, saving for retirement pushed to back burner Published Jul 11, 2023 • Last updated 3 hours ago • 3 minute read A woman walks past the Bank of Canada headquarters in Ottawa. Photo by Adrian Wyld/The Canadian Press files Having exhausted their savings, Canadians are now struggling on a series… Continue reading Financial pressure building on several fronts for Canadians as Bank of Canada decision looms, poll finds
Posthaste: How another Bank of Canada rate hike will affect the housing market
Hike tomorrow could put prime rate at 7.2 per cent, the highest in 22 years Published Jul 11, 2023 • 5 minute read Canada’s housing market is expected to slow if the Bank of Canada hikes interest rates again. Photo by Postmedia Article content Good morning! This advertisement has not loaded yet, but your article… Continue reading Posthaste: How another Bank of Canada rate hike will affect the housing market
Nasdaq moving to reweight Big Tech to pare back megacaps’ dominance of stock market
Six members —Apple, Alphabet, Microsoft, Amazon, Tesla, Nvidia — have exceeded a preset threshold Author of the article: Published Jul 10, 2023 • Last updated 1 day ago • 3 minute read Apple is among the companies Nasdaq is reweighting on the index. Photo by David Gray/Bloomberg America’s biggest tech companies have become too large even… Continue reading Nasdaq moving to reweight Big Tech to pare back megacaps’ dominance of stock market
Bank of Canada will hike interest rates one more time: CIBC
Watch: CIBC’s Andrew Grantham on the path for interest rates in Canada and the U.S. Published Jul 10, 2023 • < 1 minute read The Bank of Canada building in Ottawa. Photo by Geoff Robins/AFP via Getty Images Andrew Grantham, senior economist with CIBC Capital Markets, talks with Financial Post’s Larysa Harapyn about how interest… Continue reading Bank of Canada will hike interest rates one more time: CIBC
Simple tax reforms for retirees that the government could consider
Plenty of ideas on how to encourage and prolong Canadians’ retirement savings Published Jul 06, 2023 • 5 minute read A RRIF is the most common successor of a registered retirement savings plan (RRSP), the other being the purchase of a registered annuity. Photo by Getty Images Canada’s population continues to age, and the number… Continue reading Simple tax reforms for retirees that the government could consider
CRA, ex-wife get paid before man’s creditor after matrimonial home is sold
Laurie Pawlitza: The ownership of a property changes when a joint tenancy is severed Published Jul 05, 2023 • 4 minute read A ‘for sale’ sign outside a home that has been sold in Ottawa. Photo by Justin Tang/THE CANADIAN PRESS files Many separated couples assume they are equal owners of their home, no matter… Continue reading CRA, ex-wife get paid before man’s creditor after matrimonial home is sold
54-year-old’s retirement plan needs finessing in sickness and in health
Elena has three options to retire with today’s lifestyle: expert Published Jul 05, 2023 • Last updated 8 hours ago • 6 minute read Elena seems to be making the common mistake of missing out on variable and discretionary expenses, expert says. Photo by Gigi Suhanic/National Post photo illustration Elena* is among a growing group of… Continue reading 54-year-old’s retirement plan needs finessing in sickness and in health
RRIF withdrawal rules for retirees need to be updated
Retirees should beware of using the RRIF conversion age or the minimum withdrawal schedule as a guideline Published Jul 05, 2023 • Last updated 6 hours ago • 5 minute read There are drawbacks to deferring and minimizing RRIF withdrawals, writes Jason Heath. Photo by JIM WELLS/CALGARY SUN/QMI AGENCY FILES The government and the financial industry… Continue reading RRIF withdrawal rules for retirees need to be updated
Recent Post
