Manufacturing sales up
Statistics Canada says manufacturing sales increased 2.1 per cent to $58.0 billion in March, boosted by the transportation equipment, petroleum and coal product, and primary metal industries. Economists had expected a 1.1 per cent increase for the month, according to Thomson Reuters Eikon. Sales were up in 12 of 21 industries, representing 56.4 per cent […]
Climate change threatens ‘both the economy and the financial system,’ says Bank of Canada
Bank of Canada releases its first ever report on climate risks facing nation’s financial system For the first time ever, the Bank of Canada has released a report examining the threat climate change poses to the country’s financial system. The central bank’s annual financial system review (FSR), released today, analyzes the resilience of the country’s financial system, […]
5 Downsides to Early Retirement
Retiring early may seem like a great plan, but it’s not necessarily all it’s cracked up to be. Leaving the workforce prior to your mid-60s can come with huge financial and mental challenges that can derail your entire retirement if you’re not prepared for them. So, before you get all excited about handing in your […]
Why Working Till Whenever Is a Risky Retirement Strategy
Cleo Parker had a simple plan before retiring: She would work well into her 60s as a marketing analyst in the automotive business. But recently, she has been searching for a Plan B. In 2006, just as she was about to turn 50, Ms. Parker’s longtime marketing job with a Detroit-area advertising agency was eliminated. […]
Falling behind on retirement savings? Here’s the math on becoming a millionaire (and how to do it)
Retirement planning is a thing many Americans have on their radar. Many may wonder how they can possibly save $1 million, and essentially guarantee a comfortable retirement, by the time they are 65. Of course, the younger you are when you start, the easier it will be to hit that goal. But that doesn’t mean […]
Soon more borrowers will be able to use vacation days to pay off student-loan debt
What’s more valuable — getting out of debt or getting away? Soon more workers will have the opportunity to make that calculation. PTO Exchange, a platform that allows employers to give workers the ability to put the monetary value of their vacation days towards retirement savings, charitable donations and other goods and services, is expanding […]