Flushable wipes? Not really
The Competition Bureau of Canada is investigating the marketing practices of companies that make “flushable” wipes. Friends of the Earth Canada and EcoJustice filed a complaint about the claims earlier this year after a Ryerson University study found 23 varieties of wipe labelled as “flushable” did not live up to that claim. The organizations heard […]
Bay sells Lord and Taylor
Canada’s oldest retailer is selling one of its banners to a clothing rental subscription service while maintaining an equity stake in the new business that the CEO says will be “a first in the industry.” Hudson’s Bay Co. will receive $99.5 million in cash from Le Tote for its Lord and Taylor banner when the […]
How to Escape the Debt Dilemma
Most of us have been told that when it comes to debt, it’s best to avoid it altogether You’ve heard it everywhere: Aside from a major purchase, like a home, if you can’t pay cash for something, then you can’t afford it. Of course, that’s easier said than done. Consumer debt rose to $4.05 trillion […]
People who bought homes in the past 2 years could see ‘significant’ savings by refinancing now
The time is still right to refinance your mortgage, especially if you bought your home within the last two years, said Mortgage Bankers Association CEO Robert Broeksmit. That’s because home loan interest rates are at their lowest point since 2016, Broeksmit said Wednesday on CNBC’s “Squawk on the Street.” Mortgage rates are down about 1.25% […]
Why Do We Feel Shame About Retirement Savings?
If you’re worried about making ends meet in retirement, you’re not alone—around half of Americans feel the same way. As data from my research team at the New School’s Retirement Equity Lab shows, as many as 40% of older workers could face downward mobility in retirement. But if retirement insecurity is such a widespread and systemic issue, why […]
Don’t Make These 8 Money Mistakes
When it comes to your money, don’t make these 8 money mistakes. Here’s what you need to know and what to do instead. 1. Not creating an emergency fund An emergency fund is the safety net that you need in place before disaster strikes. At a minimum, you should save 6-9 months (preferably longer) of cash […]