Articles
Financial Resilience Gender Gap Narrows in Canada but Barriers Persist
The financial resilience gender gap is closing. New findings from the October 2024 Seymour Financial Resilience Index® reveal the gap has narrowed significantly – with the difference between the mean financial resilience scores of men and women decreasing from 12% in February 2020 to just 4% in October 2024.
Two-thirds of Canadians choose the word ‘saver’ to describe their main money personality
Rob Carrick – Globe and Mail October 24, 2023 If you were to pick a dominant theme in Canadian personal finance, you could do a lot worse than debt. We’re among the world’s leaders in taking on debt to buy houses and other stuff. We might be better at it than...
How much Canadians have fallen behind amid high inflation and who’s hurting the most
Source: Bloomberg February 8, 2023 Inflation has eroded purchasing power for many Canadians, but the experience with rapidly rising prices has been far from uniform. While the inflation rate shows how quickly prices are rising, other factors like income and...
Uh, Mr. Poilievre? Canada Pension Plan premiums are not a tax
Uh, Mr. Poilievre? Canada Pension Plan premiums are not a tax. Source: Rob Carrick, Globe and Mail September 27, 2022 It’s a little insensitive, but necessary, to raise the issue of retirement saving at a time when many households are struggling to pay for...
Trudeau announces billions in cost-of-living relief, says it won’t fuel inflation
Double GST rebate and top up housing benefit for renters Prime Minister Justin Trudeau announced a package of new measures to help Canadians cope with steeply rising prices, as his governing Liberals face increasing political pressure to mitigate the cost-of-living...
Stress in America. Money, inflation, war pile on to nation stuck in COVID-19 survival mode.
Source: The American Psychological Association | Date: May 19, 2022 March 11, 2022, marks the second anniversary of the COVID-19 global pandemic declaration by the World Health Organization. In the two years since that declaration, virtually all aspects of life have...