Via Rail to resume service
Via to resume service in southwestern Ontario Via Rail says its service will resume Thursday morning in southwestern Ontario. The passenger rail company says it received a notification from CN Rail allowing a resumption of service in the area. All trains running between Toronto-London-Windsor, Toronto-Sarnia and Toronto-Niagara will resume service but may face delays for […]
CN Rail laying off about 450
CN Rail laying off about 450 workers due to blockades CN Rail is laying off about 450 workers in its operations in Eastern Canada after cancelling more than 400 trains in the past week over a rail blockade protesting an LNG pipeline in British Columbia. The layoffs will affect operational staff, including employees working at […]
What Mike Bloomberg Wants to Do to Your Social Security
The 2020 presidential campaign is now in full stride, as early primary and caucus results have already started to thin the field. Yet in many ways, former New York City mayor Mike Bloomberg is just getting started with his campaign, having joined the race relatively late. For tens of millions of older Americans, no issue […]
U.S. credit card debt has soared to $930 billion. Here’s what some presidential candidates would do to help
If you’re like many Americans, you’re carrying a balance on your credit cards. And the candidate you choose in November for president could have an effect on how well you grapple with those debts. The latest numbers from the Federal Reserve show that credit card balances climbed to $930 billion in the fourth quarter of […]
What FICO score changes could mean for retirees
Fair Isaac, FICO, +1.41% the giant credit score company, recently announced the biggest change since 2014 in how it determines its FICO credit scores. This new FICO 10 system — expected to go into effect by year’s end — could affect your retirement in big ways, possibly for the worse and possibly for the better. […]
Here’s the reason Americans are saving so much of their income
U.S. household wealth compared with income is near a record high. Unemployment is near a record low. So why is the personal savings rate so high? In the fourth quarter, savings as a percent of disposable income was 7.7%, more or less the post-crisis average. That’s a puzzle that the Goldman Sachs economics team led […]