Oil production set to rise
The Canadian Association of Petroleum Producers is projecting Canadian crude oil production will increase by 1.27 million barrels per day to 5.86 million by 2035. The association’s latest forecast predicts total production in Western Canada will reach 5.76 million barrels per day in 2035 compared with 4.36 million in 2018. Production in Eastern Canada is […]
Transat still negotiating takeover with Air Canada, as rival bidder says counteroffer is coming
Two companies are still negotiating until exclusive window closes on June 26 A Quebec developer seeking to outbid Air Canada with a takeover proposal for Transat AT Inc. says he will hand a formal offer to the tour operator before Transat’s exclusive talks with Air Canada end on June 26. “We will file one, because […]
How Much Can You Contribute to a 457 Retirement Plan for 2019?
Employees of state and local governments can stash more money in their 457 plans this year, building bigger nest eggs for retirement. 457 Contribution Limits for 2019 The maximum amount you can contribute to a 457 retirement plan in 2019 rose by $500 to $19,000, including any employer contributions. For example, if your employer contributes […]
Will Retirement Turn You Into A Liar?
On the surface, it sounds like an absurd question. How could finally reaching the most highly anticipated phase of life turn you into a liar? Whats more, I’m not talking about it causing people to start telling little white lies or harmless fibs. I’m talking about bold-faced lies. Retirement lies come in a variety of […]
America has the widest retirement savings gap of these developed nations — and it’s only going to get worse
Many Americans haven’t saved as much money as they need for retirement — and the gap is expected to widen dramatically in the next 30 years. The retirement savings gap — between what people have and should have — was $28 trillion in the U.S. in 2015, but by 2050, it’s expected to swell to […]
New House bill may change how you plan for retirement
The House of Representatives recently passed a bill that may complicate retirement planning options for Americans. The House passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 on May 23. If enacted into law, it could be tricky for Americans who are not financially savvy investors. Some of the changes could […]