Bombardier future in doubt
Bombardier’s future in question, seeks debt-reduction The future of Bombardier Inc. is being called into question after the company said it was actively considering alternatives to reduce its staggering debt. After exiting the commercial aircraft business, selling its aerostructures unit and unloading a large tract of land in Toronto, the company said it is working […]
$5M for forest contractors
BC offers $5M loan program to help ailing forest contractors Premier John Horgan says the government is making $5 million available for loans to help contractors who are in danger of losing their equipment due to a forest industry strike on Vancouver Island. He says the program for struggling forest industry contractors will be available […]
The Huge Retirement Risk You Probably Don’t Realize You’re Facing
When you consider the risks you face in retirement, most of them probably center around finances. Some people may be worried about not saving enough, while others are concerned about the rising costs of healthcare and long-term care. Others may worry that they’ll never be able to afford to retire. However, there’s one risk that […]
How Much of Your Retirement Income Will Come From Social Security?
Social Security benefits are supposed to replace around 40% of the income you earned while you were working. This means they aren’t meant to be your sole source of support in retirement, with most financial experts recommending you’ll need to replace 70% to 80% of what you made while you worked. And many seniors end […]
Student debt is over $1.6 trillion and hardly anyone is paying down their loans
The rapid increase of student loan debt has slowed over the past few years, but individual borrower balances aren’t going down mostly because hardly anybody is paying down their loans. Total indebtedness over the past year or so has stopped its meteoric rise, according to a study that Moody’s Investors Service released Thursday. Nevertheless, the […]
Copilot is a subscription personal finance tracker aiming to kill Mint
When Intuit acquired Mint more than a decade ago, mobile was in a different place — as were tech-enabled financial services. There hasn’t been much progress for the personal finance tracker app category in the meantime. Mint has stumbled along with integration issues and tiresome data misclassifications. For many, the best alternative has been firing […]