HBC shutting all 37 Home Outfitters stores across Canada
Hudson’s Bay Co. announced Thursday it will close its housewares chain Home Outfitters in Canada. The company also says it will conduct a “fleet review” of another one of its retail chains, Saks OFF 5th, which has 133 locations in the U.S. and Canada. The review will likely see the company close 20 stores in […]
Top civil servant denies ‘inappropriate’ pressure against Wilson-Raybould in SNC-Lavalin case
Canada’s top civil servant insists there was no inappropriate pressure on Jody Wilson-Raybould to override a decision to prosecute SNC-Lavalin, but says he warned her about the dire economic “consequences” of criminal proceedings. In blunt testimony before the justice committee Thursday, Clerk of the Privy Council Michael Wernick said he called the then-justice minister and attorney general […]
You probably have not taken these savings steps — and that is why you are broke
Most Americans are not financially prepared for an emergency. And there’s a key reason why: They have not set up a dedicated account to save for emergency expenses. Furthermore, they have not set up automatic transfers from their checking account to their savings accounts. Whether or not you take those two steps can make or […]
34-year-old self-made millionaire: Budgets are the No. 1 thing holding you back from saving as much money as possible
By the age of 30, Grant Sabatier had earned over $1 million through a combination of reducing his spending and boosting his income. Today, at 34, Sabatier is the founder of Millennial Money and author of “Financial Freedom: A Proven Path to All the Money You Will Ever Need.” In addition to negotiating his marketing […]
Fintechs help boost US personal loan surge to a record $138 billion
Americans are turning to up-and-coming fintech firms instead of traditional banking options to pile on debt. The unsecured personal loan market hit an all-time high last year, surging 17 percent year over year to $138 billion, according to data from TransUnion released Thursday. Digital-first financial technology companies were largely responsible for that momentum. “The rapid […]
When it makes financial sense for married couples to file their taxes separately
Are you married? Chances are you’re planning to file a joint tax return. However, that may not be the best choice. In 2016, just 5.3% of married couples chose to file separate returns, according to data from the Internal Revenue Service. That’s not surprising, given how complicated filing separate tax returns can be, said Robert […]