Shovels in ground by fall?
The CEO of the Crown corporation building the Trans Mountain pipeline expansion says shovels could be in the ground by September following cabinet approval Tuesday of the long-delayed project. Oil could be flowing in new segments of the pipeline between Edmonton and the West Coast by mid-2022, Ian Anderson said, about one year later than […]
Morneau vows to build TMX
Canada’s finance minister says the best way to convince a skeptical oilpatch that the Trans Mountain pipeline expansion Ottawa approved Tuesday will actually be built is to go ahead and build it. Bill Morneau told reporters after giving a speech in downtown Calgary that the $7.4-billion project to triple capacity on the line from Edmonton […]
How to Survive on Minimum Wage
POLITICIANS AND advocates have been rallying to get the federal minimum wage – currently $7.25 an hour – raised, and for a good reason. Though the minimum wage is higher in some states and cities, if you’re making the lowest legal wage and you don’t have monetary support from parents, a spouse or a partner, affording […]
Fed holds rates steady. Here’s what that means for you
The Federal Reserve’s decision Wednesday to keep interest rates steady came as a relief to many. And rightfully so. After raising the federal funds rate nine times in three years, with the last move coming in December as financial markets were melting down, concerns about a slowing economy and a looming U.S.-China trade war has […]
Here’s how much money Americans in their 40s have in their 401(k)s
By the time you’re in your 40s, you’re entering your peak earning years and could be more than halfway to retirement. How prepared are Gen Xers for their golden years? CNBC Make It turned to Fidelity, the nation’s largest retirement-plan provider, for the numbers. As of the first quarter of 2019, Americans between 40 and […]
How ‘anchoring’ empowers this personal finance author to make better spending decisions
As consumers, we’re often unaware of how much our spending decisions are influenced by cognitive bias, according to personal finance author Emily Guy Birken. “The first time we hear a price for something, that becomes our anchor point for what is an appropriate amount of money we spend on something,” Guy Birken tells NBC News […]