Canada annual inflation rate dips to 2.8 percent, well above BoC target
OTTAWA – Canada’s annual inflation rate dipped to 2.8 percent in August from 3.0 percent in July, the seventh consecutive month it has exceeded the Bank of Canada’s 2.0 percent target, Statistics Canada data indicated on Friday. The rate matched the forecast of analysts in a Reuters poll. The central bank said this month the […]
Wells Fargo plans to cut up to 10% of workforce in the next 3 years
Wells Fargo, the third-biggest U.S. bank, plans to lower its employee headcount by 5 percent to 10 percent in the next three years as part of its ongoing turnaround plan, the company announced Thursday. The bank has 265,000 employees, meaning the reduction would result in a loss of between 13,250 and 26,500 jobs. “We are […]
Tackle these common money problems that are keeping you up at night
Many of us toss and turn the night before an important event. But a Bankrate survey found that’s not all that’s keeping us up at night. Thirty-six percent of people overall said they’re not getting enough sleep because they’re worried about their finances. But money worries hit “older millennials” (ages 28-37) the hardest. Forty-three percent […]
How to Avoid Social Security Scams
The Social Security Administration (SSA) recently issued a warning about an upsurge in schemes targeting Social Security recipients. Someone calls you over the phone claiming to be from the SSA and says your Social Security accounts have been suspended due to suspicion of illegal activity. They may be a real live person or a robocaller. […]
Personal finance education helps lay foundation for the future
While money doesn’t buy happiness, understanding finances is key to owning a home, starting a business, raising happy children, and being independent. When people struggle to understand their personal finance, they struggle to achieve, to live and be successful. By providing personal financial education in high schools and in underserved communities, people can be empowered […]
3 Reasons to Offer Flexible Work Schedules
These days, a growing number of companies are allowing their employees to work more flexibly, whether that means setting up shop at home and telecommuting or establishing their own working hours. Of course, it’s one thing for a large firm to offer flexible arrangements, but when you’re running a small business, it’s not as easy. […]