Site C sets workforce record
Number of workers nears 5,000 at dam project Workforce numbers at the Site C dam set a fourth-straight monthly record in August. There were 4,870 workers counted on the project in August, up by nearly 100 month-over-month, and up from the 3,561 workers counted in August 2018. It’s the fourth-straight month for a new workforce […]
Housing starts pace slows
Construction slowed less than expected, says CMHC The pace of Canadian housing starts slowed in September compared with August, but still came in better than expected. Canada Mortgage and Housing Corp. said Tuesday the seasonally adjusted annual rate fell 2.5 per cent month-over-month to 221,202 units in September compared with 226,871 in August. However, economists […]
Is Your Retirement Fund Ruining Our Economy?
In the mid-2000s, Michael Burry smelled trouble in the housing market, realizing that big banks were packaging shady subprime mortgages and reselling them as surefire investments. He concluded that it would lead to a spectacular collapse, made a huge bet against the market and, ultimately, tons of money. His story was dramatized in the book […]
Here’s why it pays to shop for this tax-advantaged savings account
When it comes to health savings accounts, they all carry the same three major tax benefits. But that’s about where the similarities end. Tax-favored accounts for medical expenses, so-called HSAs are often paired with high-deductible insurance plans. These accounts come with three primary benefits: You can contribute to them on a pretax or a tax-deductible […]
Millennials are actually really good at saving — but it might be slowing down the US economy
Contrary to popular perception, millennials actually are saving. But it’s not necessarily a good thing — at least for the economy. That millennials are saving more than their parents did is creating an “economic imbalance,” reported Pippa Stevens for CNBC. Data from the St. Louis Federal Reserve indicates the personal savings rate in the US […]
Military man explains how he retired at 36, with a ‘disgusting’ amount of savings
A military career isn’t typically the path to take if someone’s looking to reach hallowed “FIRE” territory — financial independence, retire early. But, with a little help, it is possible, according to Kupiga, as he refers to himself online. Having served in the military since he was 20 years old, Kupiga is already celebrating his retirement at […]