Clouds hang over free trade
Finance Minister Bill Morneau is acknowledging “clouds” hovering over various trade talks, as Canada struggles to get U.S. tariffs removed and the trade war between the United States and China drags on. The revised free trade pact between the U.S., Mexico and Canada, known as the USMCA, has yet to be ratified, with Foreign Affairs […]
Windsor-Essex company steps into the hemp block business
‘Windsor-Essex can do so much more than just automotive … there are opportunities out there’ Two companies in Windsor, Ont., and Airdrie, Alb. are collaborating as they work on a new product: Lego-like building blocks out of hemp and lime for use in residential and commercial buildings. They’re both sending the message that Windsor-Essex is […]
Potential pipeline buyer
One of the leaders of a First Nations consortium planning to offer $6.8 billion for majority ownership of the Trans Mountain pipeline says federal government principles for Indigenous buyers are “exactly aligned” with its goals. Harrie Vredenburg, a Project Reconciliation executive board member and professor at the University of Calgary’s Haskayne School of Business, says […]
A long-term fund with $370 billion under management shares some investing ‘themes’
Canada’s national pension fund invests for the long-term, its CEO told CNBC on Sunday, and he named trends that are helping to guide its decision-making. “We’re trying to go deep on certain areas where we see long-term trends and try to identify the best parts of those themes to invest in, companies to invest in, […]
No, Americans Really Do Not Have Enough Retirement Savings
A new report on retirement security from the Government Accountability Office contains what seems like a stunning finding: 48% of older households have “no retirement savings.” By “no retirement savings,” however, the GAO means only that they have no defined contribution plan, that is, an IRA or 401(k). As the report states in the next […]
No, Half of Older Americans Aren’t Without Retirement Savings
If you were a government agency that produced a study whose headline result was repeatedly misinterpreted, what would you do when you updated that study? Maybe hold back on the headlines that were misinterpreted? Not if you were the federal Government Accountability Office, which in an update to previous work declared this week that 48% […]
You may be automatically enrolled in this state-run retirement savings plan if your N.J. boss doesn’t offer a 401(k)
Gov. Phil Murphy on Thursday will sign a bill into law creating an entirely new retirement savings plan for private-sector workers in New Jersey who aren’t able to save through an employer-sponsored 401(k). The Secure Choice Retirement Plan aims at boosting New Jerseyans’ retirement nest eggs by automatically enrolling workers in an IRA that is […]